In the world of government contracting, compliance isn't just a goal; it's an imperative. Whether you're navigating the intricate requirements of the Federal Acquisitions Regulation (FAR), Defense Federal Acquisitions Regulation Supplement (DFARS), Defense Contract Management Agency (DCMA), Contractor Purchasing System Review (CPSR), Material Management and Accounting System (MMAS), or Property...
Tag: Audit
February 16, 2024
Enhance Compliance and Pass Audits Seamlessly with Deltek Costpoint: A Complete Solution
by Colin Quinn
May 1, 2023
End of Life Software: Why Ignoring Deltek Costpoint 8.0 EOL Timelines is a Bad Idea
by Colin Quinn
Upgrading to the latest version of Costpoint, specifically Costpoint 8.1, is crucial to avoid several risks such as missing out on new features, potential security vulnerabilities, and the lack of technical support. Don't ignore the EOL timelines, as it can put your business at risk. In this blog post, we will discuss the risks and dangers of ignoring EOL timelines for Costpoint 8.0 and why upgrading is necessary to ensure business continuity.
January 9, 2023
Why Deltek Costpoint is the Best Accounting Software for Small to Medium-Sized Government Contractors
by Colin Quinn
Are you a small to medium-sized government contractor looking for the best financial management software? Look no further than Deltek Costpoint! With its extensive project management capabilities, complex billing support, powerful reporting and analysis tools, integration with other software, and focus on security and compliance, it's the perfect choice for contractors in the government industry. Plus, its comprehensive audit trail and audit preparation features make it easy to prepare for audits and provide the necessary documentation. Don't settle for less - choose Deltek Costpoint to streamline your operations and succeed in your government contracting business.
September 16, 2022
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)
by Colin Quinn
In part three, the final post of this series, we will complete our conversation with the final four MMAS Standards of the Key Elements of Material Management and Accounting System Compliance Audits. We will highlight how to maintain consistent, accurate, and adequate controls to ensure your project manufacturing business can remain compliant. We will focus on Material Costing and Borrow Paybacks, Inventory Allocation for Common Inventory and Commingled Inventory, Compliance and the Consequences of Non-Compliance.
May 2, 2022
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)
by Colin Quinn
In part one of our blog series "The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance." we covered the first three MMAS standards and discussed 'sparking' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing compliance.
In part two of this series, we will continue our discussion of the next three MMAS Standards...
January 26, 2022
End-of-life software: Why ignoring Costpoint 7.1 EOL timelines… is a bad idea
by Colin Quinn
Friendly reminder - Deltek Costpoint 7.1 will be entering sustaining support beginning on March 1, 2022! What does The Great Pyramid of Giza and the Great Wall of China have in common? They were both built to last forever! Your Enterprise Resource Planning (ERP) Accounting software? Not so much. Technology today seems to come with an ever-increasingly shorter lifespan, in most accounting, and finance departments...
October 1, 2021
The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 1)
by Colin Quinn
National Manufacturing Day, held annually on the first Friday in October, is celebrated to 'spark' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing. Together companies and leaders collaborate to educate and inspire the next generation of manufacturers by demonstrating the importance of manufacturing.
As a leading consulting and...
August 16, 2021
Benefits of Purchase Orders & How to Create a Purchase Order in Deltek Costpoint
by Colin Quinn
Are you running a small or mid-sized company not using purchase orders? They may be more important than you think...
When most small businesses start out, they forego purchase orders in favor of handshake deals and informal processes. Blindly instilling trust in a seller or using an unspoken agreement with a small-time supplier or a trusted vendor is never a smart move.
What happens if there’s ever a...