Gov’t Contract Management

Government Contracts

Government Contract

The Contract Management module is the foundation upon which the accounting and timekeeping systems are built, ensuring smooth data flow from contract award to invoicing and receipt of payment. Seamless integration between business functions allow you to manage your contract performance efficiently.

From the beginning of each contract, WrkPlan guides users into DCAA compliance. The Contract Management module collects the information required to generate DCAA compliant invoices and to present reports in auditor-recognized formats.

WrkPlan includes the following key
contract-related functions:

Contract Details

Once entered, all contract information connects with other modules, eliminating the need for duplicate data entry.

The Contract’ Module allows straightforward entry and reporting of key contract-related information including:

ERP Accounting Software for Contract Module
  • Government Accounting Software for Individual contracts
    Funding status of individual contracts and tasks
  • Labor Categories for Government Contractors
    Labor Categories
  • Contract Line Item Number (CLIN) - funding
    Contract Line Item Number (CLIN) funding
  • Setting Up ACRNs
    Accounting Classification Reference Number (ACRN)
  • Subcontract management in Project Operations | WrkPlan
    Subcontractor assignments and rates
  • Direct vs. Indirect Costs
    Direct, indirect and overhead costs

Tasks/ Subtasks

When a task is created, the system automatically generates corresponding cost ledgers which can be tied back to the parent contract. These capture direct labor, subcontractor labor, material, travel and other direct costs (ODCs) at the task level.

  • Contracts may have up to 999 tasks or subtasks, each with its own funding and modification history.
  • Funding can be specified at the task or subtask level.
  • Tasks can support CLINs or Work Breakdown Structure (WBS) elements.
Tasks and Subtasks | Wrkplan
Task Modification Scale

Contract Modifications

Modifications are entered at the task level and automatically update contract and task funding. This saves the effort of making multiple entries and minimizes the opportunity for introducing errors.

Remaining Task Funding and Hours

The Task Forecast provides the necessary information to monitor remaining task funding/ hours and burn rate

Task Management Software | WrkPlan

Contract Backlog Report

Provides real-time insight into backlog funding status. The backlog report clearly shows funding status (ceiling, funded, billed and remaining) on contracts and tasks, providing management with critical insight into key financial parameters

Backlog Analysis