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Introducing ICAT 2.0
ICAT installs easily and works with QuickBooks, computing indirect rates and allocating indirect costs
to contracts. For a new QuickBooks company, ICAT automatically loads the chart of accounts, and
configures indirect cost pools and bases for computing rates. For existing QuickBooks companies,
cost pools and bases can be easily configured to work with your existing chart of accounts.
Many government contractors have successfully implemented ICAT. Using ICAT, contractors have passed
their DCAA accounting system review qualifying them for Cost-Plus-Fixed-Fee type contracts. ICAT
provides the functionality for computing indirect rates and allocating indirect costs to contracts
– a critical requirement for determining the Government’s obligation for reimbursing costs to the
contractor.
ICAT enabled these contractors to continue using their QuickBooks accounting system rather than
implementing much more costly systems.
Editions
ICAT is available in three editions to suit the needs of your business. The Starter Edition supports the
basic reporting requirements for entry level government contractors, the Standard Edition provides additional
project management features for T&M and Cost-type contracts, and the Advanced Edition provides the Incurred Cost Submission Worksheet.
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| Feature |
Starter Edition |
Standard Edition |
Advanced Edition |
Description |
| Company Setup Wizard |
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Quickly build a Chart of Accounts in QuickBooks and instantly create a rate model from one of the built-in templates
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| Rate Model Editor |
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Build your own Indirect Rate Model
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| Indirect Rate Calculation Report |
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The Indirect Rate Calculation Report provides information on the computation of the contractor's indirect rates from the pool and base components
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| Contract Cost Report |
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Direct costs and indirect costs allocated to jobs report consistent with the built indirect rate model
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| Enhanced Reporting |
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Create reports over any time period, export any report to Excel, enhanced printing.
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| Allocation Centers |
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Allocate indirect costs based on square footage, head count or other non-cost units.
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| Contract Profit and Loss Report |
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Profit & Loss reports by job
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| Indirect Rate Variance Report |
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Direct and Indirect Rate reports by job and a comparison of the two to view contract performance
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| Labor Distribution Report |
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Labor hours and costs report by job amounting to total gross payroll
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| Contract Status Report - Cost Type Report |
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Contract revenue, costs, and resulting profit/loss report viewed over the life of the contract
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| Contract Status Report - Time & Materials Report |
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Billing rates, contract funded amounts, costs, and resulting profit/loss report viewed over the life of the contract
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| Labor Rate Calculator |
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Calculate an hourly billing rate based upon annual salary, provisional or actual rates, and a fee amount
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| Cost Allocation Workbook |
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Display cost pools components and final costs graphically
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| Incurred Cost Submission Worksheet |
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Completion of major portions of DCAA's Incurred Cost Submission worksheet directly from QuickBooks and ICAT
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Starter Edition |
Standard Edition |
Advanced Edition |
| Initial Purchase |
$1,250 |
$2,000 |
$3,000 |
| Upgrade from ICAT 1.0 |
Free |
$750 |
$1,750 |
| Upgrade from ICAT 2.0 Starter Edition |
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$750 |
$1,750 |
| Upgrade from ICAT 2.0 Standard Edition |
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$1,000 |
| Annual renewal |
$400 |
$750 |
$1,500 |
System Requirements
- Compatible with QuickBooks 2007, 2008, 2009, and 2010
- Works with:
- QUICKBOOKS PRO EDITION
- QUICKBOOKS PREMIER EDITION
- QUICKBOOKS PREMIER: ACCOUNTANT EDITION
- QUICKBOOKS ENTERPRISE SOLUTIONS
- QUICKBOOKS CONTRACTOR EDITION
- Multi-User Capable
- Internet connection required for product registration.
- Microsoft .Net Framework version 2.0
- Operates in PC computer systems using Windows XP, Windows Vista, and Windows 7
Our product integrates with QuickBooks 2010 Premier Edition which provides the most comprehensive tools for fast, easy financial management. It offers all the features of QuickBooks Pro, plus exclusive features to meet specialized needs and provide business insight.
QuickBooks™ and the QuickBooks logo are trademarks of Intuit Inc., displayed with permission.
ICAT™ is a registered trademark of Federal Contractor Services Network.