cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Does QuickBooks meet the requirements of the federal requirement 2 CFR Part 200?

Does anyone know if QuickBooks meets the requirements of the federal requirement 2 CFR Part 200?

Solved
Best answer April 22, 2020

Best Answers
Highlighted
Moderator

Does QuickBooks meet the requirements of the federal requirement 2 CFR Part 200?

Hi there, @dgenard.

 

As of now, Intuit incorporates by reference Code of Federal Regulations, title 29, part 471, Appendix A to Subpart A, as well as any E-Verify obligations described in Federal Acquisition Regulations 52.222-54. 

 

Moreover, in QuickBooks, you can customize the Chart of Accounts to meet the requirements. You can consider consulting your accountant for the setup.  While as for the recording grants, awards, and costing, you'll have to do this manually. 

 

As always, you can visit our QuickBooks Community help website if you need tips and related articles in the future.

 

If there's anything else you need, let me know by adding a comment. I'm here to help. Have a great day!

View solution in original post

1 Comment
Highlighted
Moderator

Does QuickBooks meet the requirements of the federal requirement 2 CFR Part 200?

Hi there, @dgenard.

 

As of now, Intuit incorporates by reference Code of Federal Regulations, title 29, part 471, Appendix A to Subpart A, as well as any E-Verify obligations described in Federal Acquisition Regulations 52.222-54. 

 

Moreover, in QuickBooks, you can customize the Chart of Accounts to meet the requirements. You can consider consulting your accountant for the setup.  While as for the recording grants, awards, and costing, you'll have to do this manually. 

 

As always, you can visit our QuickBooks Community help website if you need tips and related articles in the future.

 

If there's anything else you need, let me know by adding a comment. I'm here to help. Have a great day!

View solution in original post

Need to get in touch?

Contact us