Timesheet Eases Burden for Company Complying with DCAA Regulations
AUSTIN, TEXAS (November 15, 2010) – The Mayvin Consulting Group, Inc., a small, women-owned, veteran-owned consulting firm specializing in program management support services, is using Journyx Timesheet to ease the challenge of federal Defense Contract Audit Agency (DCAA) regulation compliance. As Mayvin continues to expand its footprint in the government contracting environment, it requires a time-tracking system with timekeeping controls, segregation of cost requirements, and approval processes that comply with DCAA regulations.
Journyx Timesheet is a timesheet and expense management solution that enables organizations to automate management of employee time and expenses for project control, customer invoicing, and payroll processing.
“Journyx Timesheet provides a cost-efficient system that is highly user friendly, online accessible, auditable, and has easy options for accounting system interface,” said Mayvin Chief Financial Officer, Victor Pirowski. “Journyx Timesheet allows us to collect hours in a user-friendly, efficient, and intuitive format that interacts easily with our other accounting systems. It also collects an audit trail for timesheet creation, approvals and allows for user and manager comments. The accounting and billing departments find the custom reports helpful; the reports make booking and billing more efficient than ever before.”
Mayvin employees log their hours on a daily basis in Journyx Timesheet and submit final timesheets twice a month. Approval plans allow supervisors to review submitted timesheets and leave requests, as well as receive daily reminders for time entry. Mayvin uses the Journyx AccountLink interface with their Quickbooks Accounting System. Mayvin segregates billable hours from indirect and overhead hours for efficiently billing clients, collecting costs, and meeting government DCAA audit standards.
“In order to be compliant with DCAA and be able to pass a potential audit, a company must have documented policies and procedures which are followed to the letter, as well as a system that charges labor for hourly time (which could conceivably be on paper but in practice rarely is), certain accounting and billing system properties, and employees that are trained in certain aspects of compliance (such as tracking their time on a daily basis),” said Journyx CEO Curt Finch. “We’ve put a lot of muscle into making Timesheet a robust ally for companies facing the challenge of compliance.”
About The Mayvin Consulting Group
The Mayvin Consulting Group was created out of a commitment to deliver unparalleled service to our clients. Our company’s success, which is characterized by responsiveness and professionalism, has been founded on our work ethic, dedication, and knowledge of Defense Acquisition. Navigating the complex world of inserting technology into the modern battlefield requires knowledge. At Mayvin, we bring knowledge to you. Learn more at http://www.mayvin3.com.
About Journyx, Inc.
Journyx is the first company to provide Web-based time-tracking, project accounting and resource management solutions that guide customers to per-person, per-project profitability.
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