DCAA Compliance Software for QuickBooks®

ICAT alone does not make your accounting system “DCAA compliant.” No software application is DCAA compliant; Companies are DCAA compliant when they demonstrate that all required elements of their accounting system are in order. This includes written policy statements with corresponding procedures in place for timekeeping, labor distribution, indirect cost allocation, job cost reporting, and billing. The evaluation criteria are outlined on Standard Form 1408 – Preaward Survey of Prospective Contractor Accounting System.

ICAT gives government contractors key capabilities for compliant Federal contract cost accounting that QuickBooks alone does not provide. With ICAT you can efficiently and consistently calculate indirect rates, allocate indirect costs to contracts, run job cost reports, and reconcile labor distribution. For contracts subject to FAR 52.216-7, ICAT enables you to generate your Incurred Cost Proposal to support this requirement. The Budget module enables you to substantiate cost proposals and develop provisional billing rates.

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ICAT works with any Windows-based Desktop Edition of QuickBooks currently supported by Intuit, including QuickBooks Pro, Premier, Enterprise, and Accountant.

At this time ICAT does not work with QuickBooks Online. Join our email list to recieve product updates.

Definitely! With a cloud-hosted solution, you have convenient, secure access to your QuickBooks Desktop application from anywhere. Ask your hosting provider to provision ICAT in your remote environment.

You have the flexibility to choose the timekeeping solution that meets your needs. Any web-based timekeeping system that integrates with QuickBooks Desktop and satisfies the necessary DCAA internal control requirements will work with ICAT. Your time data will be imported into QuickBooks. ICAT reads that data from QuickBooks.

ICAT is available in three editions. For most companies preparing for a DCAA accounting system review, ICAT Standard or Advanced Edition is the best fit.

ICAT Standard Edition provides the core cost accounting capabilities plus essential features for DCAA compliant accounting and contract management. Standard Edition includes job cost, contract status, labor distribution, and indirect rate variance reporting.

For contracts subject to FAR 52.216-7, ICAT Advanced Edition’s Incurred Cost Proposal Workbook will save you significant time and effort satisfying this requirement. ICAT generates all schedules (required and optional) with your cost data automatically populated from QuickBooks and ICAT.

Also in the Advanced Edition, ICAT’s Budget module enables you to make informed pricing decisions, support cost proposals, and develop provisional billing rates. The Budget module is a popular feature for those looking for greater control over their financials.

ICAT Starter Edition offers basic indirect rate calculation and indirect cost accounting functionality as an entry-level product. Starter Edition is suitable for those who do not yet have government contracts or those with fixed price contracts. If you're just getting started, ICAT Starter helps you understand your indirect rates. Upgrade at any time to add the full capabilities of ICAT.