Archive for May, 2018


Timekeeping with the DCAA in mind

Saturday, May 5th, 2018

 

Timekeeping Responsibilities

1)              Recording Time on A Daily Basis

2)              Recording Time on The Timecard, if manual

3)              Project Numbers, Contract Number, etc…

4)              Changes To The Timecard

5)              Recording All Hours – Whether Paid or Not

6)              Signing The Timecard

Timekeeping System

1)              No official system in place

2)              No written instructions/policies/procedures

3)              System not linked to accounting system

4)              Recording of direct charges only

5)              Recording by direct – type personnel only

6)              All hours worked are not recorded

7)              Improper timecard preparation

8)              The President/Owner not recording his/her time