Easier Indirect Cost Rate Management with a Project Accounting System Designed for Government Contracting
Assigning direct allowable costs to a contract or customer is straightforward. Direct costs are easily tied to specific contracts, allowing for simple charge allocation. However, indirect costs present a greater challenge. Efficiently determining and managing indirect cost rates is essential for gaining valuable insights into your company's financial operations, particularly when dealing with government contracts. Proper management of these costs is crucial for business growth and maintaining cost competitiveness.
JAMIS Prime ERP simplifies the management of indirect costs by offering:
- Detailed Cost Tracking: Monitor direct, indirect, and overhead expenses for each contract, project, and subtask.
- Indirect Cost Allocation: Allocate indirect costs to final cost objectives accurately.
- Regulatory Compliance: Ensure compliance with Federal Acquisition Regulation (FAR) Part 31.
- Audit Readiness: Meet the audit requirements of the Defense Contract Audit Agency (DCAA).
Mastering indirect cost rates not only provides growth opportunities but also enhances job profitability while ensuring compliance with FAR requirements. Discover why businesses rely on JAMIS Prime ERP for effective indirect cost management.
View our on-demand presentation to see how JAMIS Prime ERP can benefit your business!
Featured Presenters:
Mike Meyers, Vice President of Solution Engineering, JAMIS
Michael Meyers has a Bachelor of Science and over 30 years of experience in accounting and implementation of enterprise software systems. Mike is responsible for communicating the benefits of JAMIS Prime ERP to the government contracting industry, and the subject matter expert key to the JAMIS development and planning process.
His years of experience as a Controller are demonstrated in his ability to address GAAP, CAS, and audit issues with best practices in the use of JAMIS Prime ERP.
Lonnie Springirth, Solutions Engineer, JAMIS
Lonnie Springith is a Solutions Engineer at JAMIS Software Corporation with over 13 years of government contract accounting and compliance experience. Lonnie has spent much of his career evaluating and implementing business systems solutions across multiple industries including defense, professional services, and technology providers to various US Federal Departments and other agencies.
