Incurred cost submissions to the Defense Contract Audit Agency (DCAA) are required for all contracts where the Federal Acquisition Regulation (FAR) clause 52.216-7 is imposed. This process can take up a considerable amount of time and effort for your company or accountant to prepare. Wrkplan’s optional Incurred Cost module produces those schedules in minutes!
The software uses existing data from your system to create reports in a DCAA- recognized format for each of the required sixteen schedules; therefore, no additional data is usually necessary. The output of Schedules A through O is consistent from form to form, since it is automatically generated from the same data set. This helps ensure that your submission will be deemed adequate for the DCAA’s initial review and ultimately be accepted once DCAA conducts an audit.