Project Billing & Accounting
Segregating costs by Project/ Contract is a fundamental requirement of a DCAA Accounting system. WrkPlan makes it easy to track and monitor costs by contract with its automatically created cost ledgers. As soon as you setup a new contract, dedicated accounts are automatically created to track time and expenses related to that contract or individual task.
Contract Billing
WrkPlan produces the standard formatted government invoices with the click of a button. Monthly invoicing goes from hours to minutes – saving you time and money. The system generates invoices with appropriate labor detail, ODCs, and subcontractor hours. With WrkPlan, you’ll never have to worry about rejected invoices holding up payment again.
Other systems make you go to multiple different screens to create all the reports needed to support your monthly billing. Not WrkPlan – everything is done in one place, with one click! Our comprehensive invoice package includes:
- Labor Detail
- Cover Letter
- Form 1034
- Form 1035
- Costs by Employee by Task
- BER Receipts
WrkPlan organizes your expenses by contracts so it takes the guess work out of your cost accounting. As you enter contracts and tasks, WrkPlan automatically generates Cost Ledgers for revenue, labor, material, travel and ODCs. Every expense item (from bills, credit cards, timesheets, expense reports, and subcontractor invoices) is assigned to a Cost Ledger within the appropriate General Ledger.
Extensive Project
Cost Accounting Reports
Easily monitor project status and progress with cost reports and the ability to drill down into further financial detail.
Reports include:
- Contract/Task Backlog
- Contract Completion vs. % Billed
- Subcontractor Costs
- Funding status
- Budget vs. Actual
- Contract Billing vs. Costs
- CLIN Allocations & history
- Subcontractor Costs