The system should let you assign labor costs to desired indirect cost groupings and accumulate non-labor costs into these groupings. The system should end the need to maintaining separate spreadsheet models that require tedious importation of cost and, instead, provide for automatic generation of indirect cost data and computation of indirect rates. Cost pools and bases must tie to general ledger balances. It should let you distribute totals of one pool to other pools, as well as distribute certain accounts to other pools. Once costs of both the pool and base are accumulated, the system should compute indirect cost rates. It must let contractors compute indirect cost rates in accordance with each company’s established practices and compute final indirect cost rates for closing out contracts and preparing incurred cost submittals.

The system should maintain an unlimited number of indirect cost rates and allow the associated bases to be established using general ledger accounts, allocations of one pool or individual/grouped accounts made to others, or year-to-date computations. It should generate numerous reports, incurred cost proposal schedules, and identify and adjust unallowable costs.

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