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Tag: Accounting

Enhance Compliance and Pass Audits Seamlessly with Deltek Costpoint: A Complete Solution

February 16, 2024

Enhance Compliance and Pass Audits Seamlessly with Deltek Costpoint: A Complete Solution

by Colin Quinn

In the world of government contracting, compliance isn't just a goal; it's an imperative. Whether you're navigating the intricate requirements of the Federal Acquisitions Regulation (FAR), Defense Federal Acquisitions Regulation Supplement (DFARS), Defense Contract Management Agency (DCMA), Contractor Purchasing System Review (CPSR), Material Management and Accounting System (MMAS), or Property...

Understanding Cost Pools in Deltek Costpoint: Unveiling their Significance

August 24, 2023

Understanding Cost Pools in Deltek Costpoint: Unveiling their Significance

by Kinetek Consulting

In the ever-evolving landscape of project management and accounting, Deltek Costpoint has emerged as a robust solution for government contractors, manufacturing companies, and professional services firms. At the heart of its sophisticated financial architecture lies a concept crucial to accurate cost allocation and insightful financial reporting: Cost Pools. In this blog post, we'll delve into what Cost Pools...

Deltek ProjectCon 2023: Top 5 Reasons to Attend this Year's Conference

July 7, 2023

Deltek ProjectCon 2023: Top 5 Reasons to Attend this Year's Conference

by Colin Quinn

Deltek ProjectCon stands as the pinnacle event for professionals like you, offering a unique platform to propel your career and enhance your organization's effectiveness. By participating in this enriching conference, you gain the power to expand your professional network, unlock invaluable knowledge, sharpen your Costpoint skills, and remain at the forefront of the ever-evolving industry.

End of Life Software: Why Ignoring Deltek Costpoint 8.0 EOL Timelines is a Bad Idea

May 1, 2023

End of Life Software: Why Ignoring Deltek Costpoint 8.0 EOL Timelines is a Bad Idea

by Colin Quinn

Upgrading to the latest version of Costpoint, specifically Costpoint 8.1, is crucial to avoid several risks such as missing out on new features, potential security vulnerabilities, and the lack of technical support. Don't ignore the EOL timelines, as it can put your business at risk. In this blog post, we will discuss the risks and dangers of ignoring EOL timelines for Costpoint 8.0 and why upgrading is necessary to ensure business continuity.

Upgrade Your Deltek Costpoint Software: A Proven 9 Step Methodology for a Smooth and Successful Process

February 24, 2023

Upgrade Your Deltek Costpoint Software: A Proven 9 Step Methodology for a Smooth and Successful Process

by Colin Quinn

Your organization has been using Deltek Costpoint for several years now, and it's time for an upgrade. Upgrading your enterprise resource planning (ERP) software is a significant undertaking, akin to updating a house you've lived in for over 20 years. Over the years, your organization has likely accumulated a significant amount of data and processes that may need to be reorganized to work with the...

Why Deltek Costpoint is the Best Accounting Software for Small to Medium-Sized Government Contractors

January 9, 2023

Why Deltek Costpoint is the Best Accounting Software for Small to Medium-Sized Government Contractors

by Colin Quinn

Are you a small to medium-sized government contractor looking for the best financial management software? Look no further than Deltek Costpoint! With its extensive project management capabilities, complex billing support, powerful reporting and analysis tools, integration with other software, and focus on security and compliance, it's the perfect choice for contractors in the government industry. Plus, its comprehensive audit trail and audit preparation features make it easy to prepare for audits and provide the necessary documentation. Don't settle for less - choose Deltek Costpoint to streamline your operations and succeed in your government contracting business.

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)

September 16, 2022

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)

by Colin Quinn

In part three, the final post of this series, we will complete our conversation with the final four MMAS Standards of the Key Elements of Material Management and Accounting System Compliance Audits. We will highlight how to maintain consistent, accurate, and adequate controls to ensure your project manufacturing business can remain compliant. We will focus on Material Costing and Borrow Paybacks, Inventory Allocation for Common Inventory and Commingled Inventory, Compliance and the Consequences of Non-Compliance.

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)

May 2, 2022

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)

by Colin Quinn

In part one of our blog series "The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance." we covered the first three MMAS standards and discussed 'sparking' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing compliance.

In part two of this series, we will continue our discussion of the next three MMAS Standards...

Top 5 Benefits of Approval Workflow Automation in Deltek Costpoint

March 14, 2022

Top 5 Benefits of Approval Workflow Automation in Deltek Costpoint

by Colin Quinn

Sales transactions and information are dependent upon approvals. Deltek Costpoint WorkFlow can automate the approval process to increase the productivity of business units, improve the quality of work, whilst expediting and streamlining operations.

Speed and timing are of the utmost importance in sales. From identifying opportunities, arranging demos, generating quotes, and completing follow-ups, there are...

Contractors Guide - Which Costpoint is RIGHT for me?

February 15, 2022

Contractors Guide - Which Costpoint is RIGHT for me?

by Colin Quinn

As a Government Contractor, you know Deltek Costpoint offers unparalleled project management, accounting, reporting, and compliance for project-driven organizations. What you might not know is that there is more than one option available to you... Continue reading our comprehensive guide below where we dive into details, benefits, and differences between Costpoint for Enterprise and Costpoint for Small Business...

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