SYMPAQ SQL

SYMPAQ SQL is a project cost accounting software specifically designed for government contractors. It caters to small to large government contractors, including defense contractors, engineering and construction companies, information technology companies, and professional services providers. According to the vendor, SYMPAQ SQL offers a range of features to effectively manage project costs and meet the unique accounting requirements of government contracts.

Key Features

General Ledger Module: The General Ledger serves as the central hub for all financial transactions, providing an audit trail and facilitating analysis and reporting. According to the vendor, it allows for the easy import of budgets and journals, supports user-definable account segments, and enables the calculation of indirect rates using both commercial and government methods.

Job Cost Module: The Job Cost module provides essential reports and functions for monitoring and managing project costs. According to the vendor, users can define project structures and contract types, separate burdens and fees by cost element type, and handle unlimited project cost elements, contract line items, change orders, and funding modifications. It also provides contract briefs, various cost reports, and supports multi-tier indirect rate burdens and budget applications.

Accounts Payable Module: The Accounts Payable module streamlines the processing of vendor invoices and vouchers. According to the vendor, it allows for unlimited account distributions per invoice, provides point-in-time aging of invoices, supports direct deposit with the option to email remittance stubs to vendors, and offers pre-defined default percentage account distribution of invoices.

Accounts Receivable Module: The Accounts Receivable module tracks client-related invoices and cash receipts. According to the vendor, it provides point-in-time aging of receivables balances, allows for automatic cancellation (voiding) of invoices, enables the application of finance charges to delinquent accounts, and supports invoicing by catalog line item.

Billing & Revenue Module: The Billing & Revenue module efficiently applies transactional and scheduled contract invoices to project billing. According to the vendor, it allows for the selection of projects, tasks, and cost element amounts for transaction-based billings, offers the printing of public vouchers and other billing formats, generates scheduled fixed price billings, and supports retroactive rate adjustment invoices for provisional billing rate changes.

DCAA Compliance: According to the vendor, SYMPAQ SQL complies with DCAA guidelines and meets all cost accounting guidelines specified on Standard Form 1408, ensuring government contractors maintain regulatory compliance.

User-Friendly Interface: According to the vendor, the software's user-friendly interface simplifies the entry, access, and analysis of cost accounting data, enhancing user productivity and reducing learning curves.

Modular Design: SYMPAQ SQL is a modular software, with each module focusing on a specific area of accounting. According to the vendor, this modular design allows users to customize their system based on their specific needs, ensuring optimal functionality and efficiency.

Scalability: According to the vendor, the system is scalable, accommodating the needs of small to large government contract service providers. It can grow with the organization, adapting to changing requirements and expanding operations.

Competitive Pricing: According to the vendor, SYMPAQ SQL offers competitive pricing, making it accessible to companies aiming for federal contracts. It provides cost-effective solutions without compromising on functionality or quality.