Timekeeping compliance is a combination of several critical pieces, involving everyone within an organization. With specific requirements for government contracts, it is crucial to develop a structure and process for timekeeping and compensation in government contracts. Here are some considerations when reviewing your company’s timekeeping compliance:
By ensuring you have a well-organized process and an effective plan, you can prevent gaps which can lead to issues with DCAA audits, inaccuracies in reporting, and lack of compliance with requirements. Each member of your team is an important part of the entire process. If you are looking for support to confirm you are on the right track or assist you in establishing a timekeeping process, the Redstone Government Consulting team can provide consulting, from developing human resources and accounting processes, performing an audit, and training of management and staff.