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.