Functionality Designed for Federal Contractors
Wipfli/Joseph Eve ContractEdge powered by Intacct brings you project accounting with rich features including compliant workflows, tracking and reporting, and audit-ready processes.
At the core of Wipfli/Joseph Eve ContractEdge powered by Intacct is Project Accounting. From the initial steps of creating an estimate for project bids to billing and reimbursement, you’ll have the information you need to be more accurate, compliant, and profitable.
With Wipfli/Joseph Eve ContractEdge, you have access to past projects and their true costs, so creating accurate bids for future projects to assist you in being profitable is easy. Also, integration with your CRM system gives you visibility into your project pipeline so that you can maintain optimal scheduling of resources, enabling projects to begin with all resources in place and get off to a great start. As you move from the bid process to the execution of the project, all your data is available for ongoing reporting without manual manipulation.
Project Accounting allows you to set up the proper project workflows for entering time and expenses. Data entry bottlenecks become a thing of the past, as team members have appropriate online access for entering their project expenses and time.
As you know, billing the government must be done in accordance with your contract award. There are multiple rates, direct and indirect costs, ceilings, and invoicing formats that must be coordinated for proper billing. Wipfli/Joseph Eve ContractEdge allows you to set up, store and compute these rates and expenses so that you can bill in an accurate and timely fashion and maintain an optimal cash position for your business.
Financial Accounting endorsed by the AICPA.
Beyond the project management abilities of Wipfli/Joseph Eve ContractEdge powered by Intacct, you’ll have the best, real-time accounting system at your disposal. Intacct has earned the distinction of “Preferred Provider of Financial Applications” from the American Institute of Certified Public Accountants (AICPA). The AICPA sets the ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments.
Doing business with the government means performing Government Contract Accounting (GCA). GCA is the setup and maintenance of an organization’s official books and accounting records, its policies, and procedures, all of which facilitate the tracking of, reporting on, and billing for, all costs, for any government contract, in accordance with the Federal Acquisition Regulation (FAR).
But true compliance goes beyond cost allocations, measurement, and billing. You need to document internal policies on business activities such as accounting, timekeeping, billing – just to name a few.
Your job is to document and follow the policies. Many of your policies can be built into Wipfli/Joseph Eve ContractEdge to further ensure compliance. Having a system that, like your employees, operates according to compliance rules and policies, means that compliance is easier – and allows you to demonstrate compliance in the event of an audit.
When you are a government contractor, audits can come from multiple directions and in a variety of types: pre-award audits, contract purchase systems review (CPSR), incurred cost, and more.
With Wipfli/Joseph Eve ContractEdge powered by Intacct, you be able to set up your project accounting in a way that is compliant and produces the reports auditors want when conducting an audit. The system delivers many audit-friendly capabilities such as:
- The ability to click on any number in the financial statements and drill down to the general ledger, reconciliations, and original transactions which is otherwise known as an audit trail.
- Attaching supporting documents to each transaction. This speeds up the process for the auditor by eliminating the need to come to you or other staff to provide document requests.
- Enabling the auditor to run built-in reports and reconciliations to confirm your accounting process is effective and compliant.