- Documenting Board Approval for Payroll Contracts
- Travel Reimbursements – Tips for Uncommon Scenarios
- Why Segregation of Duties Matters in an IT Environment
- Don’t Hold Your Breath: Why Water and Wastewater Rates in Arizona Aren’t Falling Anytime Soon
- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
- Excel Made Easy – VLOOKUP and XLOOKUP
- Physical Inventory Considerations
- I Submitted a December Budget Revision, Now What?
Author Archives: admin
Useful Ratios for Liquidity Analysis for Nonprofits
Liquidity ratios are useful tools that can be used to assess a nonprofit organization’s ability to cover its short-term financial obligations and to analyze its financial situation. Liquidity is the ability to convert assets to cash in a very short … read more
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Tagged assets, Eric Taylor, financial statement, fixed assets, liabilities, liquidity ratio, nonprofit, NPO
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Capital Assets Under the Capitalization Threshold – Part II
With the beginning of a new fiscal year, it is always a great time to note what new financial reporting requirements will be effective for the year to proactively plan for any significant changes rather than retroactively attempting to implement … read more
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Tagged capital assets, capitalization, Christopher Heinfeld, financial statements, GASB, threshold
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GASB 87 Leases – Year 2 Trials and Tribulations
Let’s be honest – implementing GASB 87 for leases was no easy task! From reviewing your organization’s agreements, determining incremental borrowing rates, ensuring amortization schedules were accurate for the financial statements and whole host of other things, the process was … read more
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Tagged accounting, Arizona, capital asset, financial report, GASB, government, Joshua Jumper, leases, school district
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Hot Topics for Community Grant Schools
As another year of audits draws to a close, grant schools may find themselves thinking about just the information asked for by their auditors, and wondering where some of these requests came from or how information is used to complete … read more
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Tagged accounting, audit, Cameron Kolb, grant school, internal controls, tribal school
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Valuing Output Over Hours
The COVID pandemic has forced all of us to learn new ways of doing things – including how to work. While some organizations struggled with the change, others transitioned smoothly, especially if they had already embraced flexible working arrangements (FWA) … read more
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Tagged HR, human resources, Mike Hoerig, personnel, work life balance, work week
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Ransomware and the Increase of Cybersecurity Threats
Over the past year, you may have heard about high profile cyber-attacks around the country. The year 2020 set many records on the number of cyber-attacks and with all likelihood, it does not appear to be slowing down in 2021. … read more
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Tagged cybersecurity, government, information technology, internal controls, IT, nonprofit, Patrick Copeland, ransomware, school district
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GASB Statement No. 87, Leases – The Basics
The time to begin implementing the new standard for leases is here! Hopefully you have stayed informed on the guidance issued, either by reviewing the GASB Statement, attending presentations, and/or reading related implementation guides. However, if you have not, this … read more
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Tagged Christopher Heinfeld, financial statements, gasb 87, government accounting, leases
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