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Time Tracking & Productivity Software

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WiseCost integrates directly with QuickBooks Online to automate labor cost tracking, distribute direct and indirect costs, and generate compliant journal entries — simplifying financial management and ensuring DCAA (Defense Contract Audit Agency) audit readiness without complex data migrations or costly enterprise ERP solutions. Built for small and mid-size U.S. government contractors, its main features include daily time tracking with validation, automated labor distribution across cost pools, an immutable audit trail, timesheet approval workflows, and reversible journal entries. It helps government contractors, project managers, CPAs, and finance teams streamline audit readiness, reduce manual errors, and see real cost and profitability per contract.

WiseCost can be found in Time Tracking & Productivity Software, Accounting Software, Audit Management Software, Job Costing Software, Compliance Management Software categories.

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WiseCost Main Features

• Ease of Setup
  Go live in under 30 minutes — no data migration from QuickBooks and no implementation project.
• Pre-DCAA Mode
  Contractors pursuing their first federal award build compliant timekeeping habits before their first audit.
• Time Tracking
  Employees log hours daily by project and task, with validation built to meet DCAA timekeeping standards.
• Timesheet Approval
  Managers review, approve, reject, or reopen timesheets through a clear, fully attributed workflow.
• Complete Audit Trail
  Every action is stamped with who, what, when, and details — immutable and never deleted.
• Keep Your QuickBooks
  Add a compliance layer on top of QuickBooks Online — no rip-and-replace, no migration risk.
• Labor Cost Calculation
  Automatically calculates labor costs and allocates them across direct and indirect cost pools by project.
• Quickbooks Integration
  Works directly on top of QuickBooks Online via secure OAuth, so you never change your accounting system.
• Journal Entry Management
  Labor distributions post to QuickBooks as traceable journal entries; reopens create automatic reversals, never deletions.
• CPA Multi-Company Dashboard
  Accounting firms manage every client from one branded, multi-tenant dashboard.

WiseCost Benefits

• Go Live Fast
  Connect, import employees and classes, set payroll periods — operational in under 30 minutes.
• Stay Audit-Ready
  Meet DCAA timekeeping and labor-distribution standards without buying Deltek or Unanet.
• Prove Every Hour
  An immutable audit trail answers any auditor or contracting officer, without reconstructing spreadsheets.
• Get Compliant Early
  Pre-DCAA mode readies contractors for their first federal award and first audit.
• Keep Your QuickBooks
  Add a compliance layer on top of QuickBooks Online — no rip-and-replace, no migration risk.
• See Profit Per Contract
  Allocate real labor costs to each project and see actual cost and profitability by contract.
• Affordable for Small Teams
  Full DCAA compliance from $149/month, instead of six-figure enterprise ERP implementations.

Who should use WiseCost?

• Manager / Approver
  Team leads who review, approve, reject, or reopen submitted timesheets before distribution.
• CPA / Accounting Firm
  Outsourced accountants who manage multiple contractor clients from a single branded dashboard.
• Employee / Consultant
  Billable staff who log hours daily by project and certify their own timesheets from any device.
• GovCon Owner / Admin
  Owners and administrators at small government contractors who configure the system and own compliance.
• Finance / Bookkeeper
  Finance staff who run labor distribution and post compliant journal entries to QuickBooks.
• Compliance / Contracts Lead
  The person responsible for DCAA audit readiness at a government contractor — timekeeping policy, approvals, and audit prep.

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