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.