Accurate time and expense sheet data can save companies fortunes in misreported cost information. What was the original entry? Why was it revised? ClickTime's Audit Trail provides information integrity with an automated log of all revisions to critical labor and cost accounting data.

Easy to view reports of timesheet approvals and data changes provides full knowledge to whether the information has been compromised. Companies who undergo frequent audits or require internal cost reports to comply with the Sarbanes-Oxley Act can simply click a button and generate reports with traceable source data.

Additional auditing options are available by combining Audit Trail with Timesheet Approvals. The DCAA compliance setting tracks user explanations for data modifications—helping contractors who serve the U.S. Department of Defense be compliant with strict cost accounting guidelines set by the Defense Contract Audit Agency (DCAA).

Audit Trail takes away the worry of reporting compliance and maintaining information integrity while keeping time tracking quick and easy. Using Audit Trail with the DCAA setting enabled in conjunction with Timesheet Approvals helps companies fulfill the following requirements for DCAA compliance:

• Accumulation of actual direct costs by job and tasks
• Accumulation of costs under General Ledger Control
• Calculation of multiple billing rates per job or task
• Identification and accumulation of direct costs by contracts
• Track user explanations for modification
• Inception-to-date job or task detailed histories
• Proper segregation of direct costs and production costs
• Labor distribution system that charges direct & indirect labor to appropriate cost objectives
• Tracking and segregation of no allowable costs
• Tracking of employee labor by intermediate or final contract objectives
• Necessary audit reports

Contact us today to learn more about the Audit Trail module and DCAA compliance. Click here to request more information or sign up for a free trial.