Accounting Solutions | Accounting Software For Government Contractors | PROCAS

Accounting

PROCAS Accounting is a financial and project cost accounting system, all-in-one.

It was developed for service-based government contractors to provide them with a powerful tool for making informed business decisions using built-in financial, project backlog, and profitability reports.

All available accounting modules are included with the standard subscription.

Financial Accounting

PROCAS Accounting provides useful financial reports right out of the box to help you manage your business.

Our real-time accounting system records financial information directly to the general ledger, eliminating the need for batch processing. The system maintains full details from every period—even after the period or year has been closed.

  • Complete General Ledger
  • Default Chart of Accounts
  • Budgeting
  • Accounts Payable
  • Accounts Receivable
  • Labor Distribution
  • Labor Utilization Reports
  • Financial Statements

Project Accounting

Managing your projects can be easier with the right tool. PROCAS Accounting helps you record your project costs so that nothing slips through the cracks. Every transaction recorded to a direct account is validated to ensure a project is associated with it. You can calculate your indirect rates at the end of each month to get an accurate picture of your profitability by project.

Indirect rate support reports tell you exactly what’s in the pool and base for each rate. The point and click indirect rates setup makes it easy to set up your indirect rate structure.

  • Indirect Rate Calculations
  • Automated Billing
  • Job Cost Ledger
  • Project Cost Report
  • Project Status Report
  • Incurred Cost Submission

Compliance

The Federal Acquisition Regulations (FAR) are the requirements for doing business with the government. PROCAS Accounting is designed to help you meet those requirements.

  • Designed with Generally Accepted Accounting Principles (GAAP) in mind
  • Segregates direct costs from indirect costs
  • Identifies direct costs by contract
  • Supports the allocation of indirect costs in a logical and consistent manner
  • Accumulates cost directly to the general ledger
  • Distribution of direct and indirect labor costs are recorded automatically from PROCAS Time
  • Supports monthly job cost ledger reporting
  • Excludes unallowable expenses from indirect rate calculations

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