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PROCAS Web Expense Reporting System

Product Name:	PROCAS for Government Contractors (Hosted) by PROCAS
Download Type:	White Paper
Format:	.PDF
Published:	5/12/2011

Description:
Government procurements require contractors to record employee expenses according to the applicable regulations – rules that are complex and continually changing. Contractors subject to the cost principles of the Federal Acquisition Regulation (FAR) must limit travel expenses to amounts allowed by the Federal Travel Regulations (FTR).
Employee travel expenses have been a problem area for many contractors, and it is an area of emphasis under many government audits. The limits on lodging and on meals & incidental expenses (M&IE) are particularly difficult – placing limits by city and country on the amounts claimed. In many cases, the daily rates vary from month to month.
The PROCAS Expense Report System streamlines the reporting of expenses and simplifies compliance. The database maintains a complete record of the maximum rates for lodging, M&IE, and mileage reimbursement. Data is cross-indexed for all FTR-listed cities and countries and all dates of travel. The system is automatically updated for periodic changes in the travel regulations. Claimed expenses in excess of the maximums are identified by the system to be processed according to your company’s policies.

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