Jim Wesloh, CPA
President & Founder, PROCAS
Jim Wesloh has more than thirty years of experience with US Federal Government contracting. He has provided accounting and budgeting training for hundreds of companies at Small Business Administration seminars. He has also been a speaker for the Virginia and Maryland Society of Certified Public Accountants and at Towson University. He has also served as a consultant to numerous companies, including 8(a), Small Disadvantaged, Service-Disabled Veteran, and Woman Owned Businesses.
Jim has assisted companies in developing indirect rate structures, preparing budgets, creating contract and incurred cost proposals. He has helped numerous clients successfully prepare for Defense Contract Audit Agency (DCAA) audits. He also has extensive experience in the development and implementation of accounting systems.
PROCAS, LLC was founded by Jim in 1997. PROCAS develops, sells, implements, hosts, and supports accounting, timekeeping, expense reporting, and management reporting software for US Federal Government contractors.
As President of PROCAS, Jim has taken great care in creating an organization that brings innovation to the industry, offers expertise and ease of use to clients, and creates a collaborative, respectful working environment for employees.
When he isn’t busy designing software or supporting his employees and clients, Jim enjoys riding his tandem bicycle with his wife Kathy, locally and in countries across the world. He was a trumpet player with the First US Army Band and volunteers time with his brass quintet performing at local events.
Navigating the DCAA Accounting System Requirements
The presentation will provide an overview of the criteria for establishing an adequate accounting system, including accounting methods, procedures, and controls.
- Who is the DCAA?
- What is DCAA Compliance?
- Pre-award Survey/SF 1408 Overview
- Financial Capability Review
- Accounting System Review
- Supporting Documentation
- Chart of Accounts Review
- Timekeeping Requirements
- Recognize what is meant by the term “compliant accounting system”
- Understand the basic requirements of a compliant accounting system
- Know the role of the Standard Form 1408 (SF 1408)
- Learn the value of deploying the right tool for the right job