Tenrox provides powerful and intuitive project workforce management software that immediately facilitates compliance to the following regulations, guidelines and standards.
The Defense Contract Audit Agency reviews US Department of Defense (Dod) contracts with “cost-plus” or other cost reimbursement provisions. The DCAA audits the contractor's project accounting systems and their compliance with cost accounting standards and guidelines. At any time, the DCAA can audit the contractor's internal control systems, including timekeeping and cost reporting. DCAA guidelines are also used as the standard for monitoring and auditing all government contracts and service providers. (click here for more information)
Sarbanes Oxley Effective Internal Controls
The Sarbanes-Oxley law (also known as SOX or Sarbox) has made corporate governance a mandatory element of financial reporting, operational control and the daily running of a publicly traded company in the United States. Furthermore, institutional investors are creating significant pressure for privately held companies to comply with Sarbanes-Oxley. (click here for more information)
Labor Compliance Family and Medical Leave Act (FMLA)
The Family and Medical Leave Act (FMLA) is a federal law that provides unpaid, job-protected leave to eligible employees, both male and female, in order to care for their families or themselves for specified family and medical conditions.
Fair Labor Standards Act (FLSA)
FLSA establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in Federal, State, and local governments. Covered nonexempt workers are entitled to a minimum wage of not less than $5.15 an hour. Overtime pay at a rate of not less than one and one-half times their regular rates of pay is required after 40 hours of work in a workweek.
European Working Time Directive (EWTD)
A directive from the Council of the European Union (93/104/EC) to protect the health and safety of workers in the European Union. It lays down minimum requirements in relation to working hours, rest periods, annual leave and working arrangements for night workers. The Directive was enacted in UK law as the Working Time Regulations, which took effect from 1 October 1998.
California Wage Laws
Were established to improve working conditions for California's wage earners, and to advance opportunities for profitable employment in California. (click here for more information)
Generally Accepted Accounting Principles (GAAP) Revenue recognition
The common set of accounting principles, standards and procedures that companies use to compile their financial statements. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information.
United States' per diem (FAR) regulations
Defines per diem, travel & transportation rates by State for all government contract work. Some service organizations use the same rates/policy for billing customers.
Expensing or capitalizing software costs (SOP 98)
Statement of Position 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use (SOP), was issued in 1998. SOP 98-1 establishes guidance on accounting for the costs incurred related to internal software development and use. The objective is to provide guidance that specifically addresses the accounting for the costs related to designing, developing, obtaining, modifying and/or implementing software for internal use.
Scientific Research and Experimental Development (SR&ED) Tax Incentive Program
To encourage innovation and stimulate R&D activity in Canada, the Canada Revenue Agency (CRA) provides the Scientific Research and Exploratory Development (SR&ED) program. This program offers significant investment tax credits to businesses of any size and in any sector who develop new, improved, or technologically advanced products or processes within Canada. (click here for more information)
