Make better decisions with accurate, consistent, up‑to‑date data from your QuickBooks® general ledger

To build a profitable business, you need to understand the total cost of doing business. ICAT helps you make better decisions with accurate, consistent, and up-to-data data from your QuickBooks general ledger. No more waiting on someone to get back to you with the data you need to manage jobs and prepare cost proposals.

ICAT supports FAR & DFARS requirements through the life of the contract, while offering flexibility, saving time, and avoiding delay in contract award. You have instant access to key financial reports, with the ease of opening a spreadsheet.

No software application is DCAA compliant on its own; Companies are DCAA compliant when they demonstrate their accounting system is set up and maintained in accordance with all requirements. This includes proper configuration of the accounting system and written policy statements with corresponding procedures in place for timekeeping, labor distribution, indirect cost allocation, job cost reporting, and billing.

ICAT Standard and Advanced Editions give government contractors key capabilities for compliant Federal contract cost accounting that QuickBooks alone does not provide. Using ICAT with QuickBooks, companies can pass the DCAA accounting system review.

With ICAT you can efficiently and consistently calculate indirect rates, allocate indirect costs to contracts, run job cost reports, monitor costs incurred on a contract, and reconcile labor distribution. For contracts subject to FAR 52.216-7, ICAT Advanced generates your Incurred Cost Proposal with your cost data automatically populated from QuickBooks, saving you significant time and effort to satisfy this requirement. ICAT Advanced Edition's Budget module enables you to substantiate cost proposals and develop provisional billing rates.

The evaluation criteria are outlined on Standard Form 1408 – Preaward Survey of Prospective Contractor Accounting System.

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With ICAT you can rapidly deploy a compliant accounting system and avoid delay in contract award. Once your chart of accounts is configured to implement your indirect cost allocation policy, you can start running reports from QuickBooks within hours, not weeks or months. ICAT is easy to implement and use, but we're here to help if you need us.

ICAT works with any Windows-based Desktop Edition of QuickBooks currently supported by Intuit, whether installed locally or in a cloud-hosted environment, including:

• QuickBooks Desktop Premier Plus
• QuickBooks Desktop Enterprise
• QuickBooks Accountant Desktop

At this time ICAT does not work with QuickBooks Online. We invite you to join our email list to recieve product updates.

We believe businesses deserve the flexibility to choose solutions that fit their specific needs and budget — and that includes your timekeeping system.

Any web-based timekeeping solution that integrates with QuickBooks Desktop and satisfies the necessary DCAA internal control requirements will work with ICAT. Your time data will be imported into QuickBooks. ICAT reads that data from QuickBooks.

ICAT is available in three editions. For companies preparing for a DCAA accounting system review, ICAT Standard or Advanced Edition is the best fit.

ICAT Standard Edition provides the core cost accounting capabilities plus essential tools for DCAA compliant accounting and contract management. Standard Edition includes job cost, contract status, labor distribution, funding backlog, and indirect rate variance reporting.

For contracts subject to FAR 52.216-7, ICAT Advanced Edition’s Incurred Cost Proposal Workbook will save you significant time and effort satisfying this requirement. ICAT generates all schedules (required and optional) with your cost data automatically populated from QuickBooks and ICAT.

Also in the Advanced Edition, ICAT’s Budget module enables you to make informed pricing decisions, support cost proposals, and develop provisional billing rates. The Budget module is a very popular feature with those who want greater control over their financials and business operation.

ICAT Basic Edition offers a simple entry-level product to get you started calcluating indirect rates and understanding indirect cost. Basic Edition is suitable for those who do not yet have government contracts or those with a few fixed price contracts. If you're just getting started, ICAT Basic helps you understand your indirect rates, but it does not include reporting to enable contract status reports, labor distribution, and financial monitoring. Upgrade at any time to add the full capabilities of ICAT.