Platinum Business Services, LLC (Platinum) implemented a Defense Contract Audit Agency (DCAA) compliant accounting system – Project Accounting Software for Government Contractors (PROCAS). This DCAA complaint accounting system allows Platinum to fully comply with Federal Acquisition Regulation (FAR) Part 31 and satisfies the audit requirements of the DCAA. Platinum now has the expert accounting capabilities to support government contracts by ensuring DCAA compliant; project accounting, timesheet reporting, expense reporting and management reporting capabilities. This DCAA complaint accounting software will provide the information required to support cost-plus government contracts.
Jody Venkatesan, President and CEO of Platinum said, “The implementation of a DCAA compliant accounting system gives our Federal customers a compliant financial platform needed to ensure accuracy and contractual accountability. We take this investment as a serious step forward. As a firm, we can now deliver the reports that are needed to support all aspects of DCAA audits, government contracts and financial accountability. This DCAA complaint accounting software will provide Platinum the back-office DCAA complaint engine that is needed to support our growing defense and civilian business operations. We look forward to supporting our customer’s complex business operations at the highest levels. Platinum now has the tools to ensure accuracy and accountability for every facet of our internal financial operations.”