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TimeLive time-tracking DCAA Compliance

For Government Contractors DCAA compliance is a must and DCAA Audits are a reality.

No credit card is required and you have unlimited time on the Free plan.

TIMELIVE TIME-TRACKING DCAA COMPLIANCE:

For Government Contractors DCAA compliance is a must and DCAA Audits are a reality. DCAA compliance is just a part of doing business with the Federal Government Agencies and the Department of Defense (DoD). TimeLive’s QuickBooks Timesheet Solution provides the necessary help in documenting all DCAA requirements – in real time!
DCAA Requirement

Monitor the overall integrity of the labor/timekeeping system

TimeLive TimeSheet Solution

Login and password security

Changes to the TimeLive are captured by the software’s audit log that is viewable by the employee, supervisor and each system admin.

The system allows for a correction timesheet to be created, after the original timesheet has been submitted through the timesheet software
DCAA Requirement

Assure employee awareness training about the importance of proper time charging

TimeLive TimeSheet Solution

TimeLive provides live online video training, quick start materials and online help for managers and users

DCAA Requirement

Effective authorization/approvals to accumulate and record labor costs to objectives

TimeLive TimeSheet Solution

Multi-level approval routing process

Automated approval workflow & email notifications

Approved transactions are locked down to protect data integrity. The transaction can only be re-opened by the system’s Administrator or a manager who has been designated that particular permission.
Validation rules in the TimeLive ensure that labor rules are followed
Configurable reports to track changes and approvals
DCAA Requirement

Distribute labor to assure the proper recording of labor costs to objectives

TimeLive TimeSheet Solution

Time tracking by project, account, and task through a defined overall budget

Employees can only charge time for the projects, accounts and tasks to which they have been assigned

Proper labor distribution is ensured by various levels of time tracking
Account for labor costs to ensure that labor charges to the government are in compliance with Cost Accounting Standards and contract terms/clauses
DCAA Requirement

Account for labor costs to ensure that labor charges to the government are in compliance with Cost Accounting Standards and contract terms/clauses

TimeLive TimeSheet Solution

Defined rates to employees, accounts, and projects

Only administrators and project manager can override specific rates

All changes are captured in the audit trails
DCAA Requirement

Reasonably assure that labor transfers and adjustments are documented and approved

TimeLive TimeSheet Solution

Reports to accurately reconcile various entries and charges

Entries are tracked throughout the lifetime of the system, all backed by an audit trail

DCAA Requirement

Job Costing and Billing

TimeLive TimeSheet Solution

Cost projects using any work breakdown structure. Extensive cost/billing rules allow you to assign applicable cost rates to any project, job or task.

Use multiple billing rate options by employee, customer, project or task.

DCAA Requirement

Automated Request Handling

TimeLive TimeSheet Solution

Time off and other requests require approvals and scheduling. And you want an audit trail for everything.

DCAA Requirement

Entering timesheet for absent employees and who are travelling

TimeLive TimeSheet Solution

An audit is maintained of who created the online timesheet and who entered each line of the timesheet so a supervisor can not enter a timesheet on behalf of an employee without this being recorded.

TimeLivel includes functionality for supervisors to enter timesheet on behalf of their employees

If an employee is absent for a prolonged period such as during travel, a supervisor or administrator can create timesheet on behalf of the employee if required
DCAA Requirement

Record both paid and unpaid hours

TimeLive TimeSheet Solution

Time Entry can be record for both paid and unpaid hours

DCAA Requirement

Sufficiently detailed work descriptions

TimeLive TimeSheet Solution

Projects/tasks descriptions, comment field available for each timesheet cell.