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Effort Reporting System Reviews The collection of labor costs is essential for accurate cost allocation, recording, and billing under contracts and grants. Whether after the fact confirmation of effort expended on a grant, or daily time reporting for cost reimbursable DoD contracts, effort reporting is consistently an area of focus for procurement officials and auditors. Key issues include recording of uncompensated overtime, timing and accuracy of entries to "timecards," maintenance of electronic timekeeping records, and those identified during "floorchecks" by internal and external auditors. ML Weekes prepares time keeping policies and procedures, provides training for appropriate timekeeping practices, assists in the resolution of audit issues related to alleged timekeeping deficiencies, and develops timesheets and other time input mechanisms for clients across a broad spectrum of industries. Our professional staff can advise you on the best approach to recording time for employees and help you resolve any issues related to your current practices. |
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