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- Do Your Due Diligence!
- What Happens When Cash Isn’t Reconciled
- Adjacent Ways Projects: Capitalize or Expense?
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- I Submitted a December Budget Revision, Now What?
Tag Archives: accounting
Designing and Maintaining Effective Documented Procedures
Have you had an employee leave their position suddenly? Have you needed to reevaluate a process to adhere to new rules or regulations? Have you received consistent findings for failing to demonstrate compliance with the same requirements in consecutive audits? … read more
Posted in Articles
Tagged accounting, best pratices, business office, compliance, documented procedures, goverment, nonprofit, organization procedures, school district
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Indirect Costs – Fast Facts for Arizona School Districts
Indirect Cost Definition Indirect costs are expenditures that are necessary for an organization’s operations but are not easily associated with a specific grant project or program. Indirect Cost examples include: Utilities Liability Insurance Employee salaries and benefits Administrative supplies How … read more
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Tagged accounting, Alex Cooksey, Arizona, financial statements, indirect costs, school district
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The Art of Expense Allocation: Crafting an Accurate Statement of Functional Expenses
Accurate expense allocation is a cornerstone of financial management for nonprofit organizations (NPOs). Not only is it crucial for compliance with IRS regulations and financial statement requirements, but it also plays a significant role in maintaining transparency and trust with … read more
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Tagged accounting, expense allocation, expenses, financial statements, functional expenses, nonprofit, NPO, Shauna Brewster
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Sarah Jacobs, CPA, SFO, MBA
Areas of Expertise: GAAP Accounting Principles Arizona Uniform System of Financial Records for School Districts School ERP Pro, powered by Infinite Visions Arizona School District Chart of Accounts Arizona County Superintendent Cash Reconciliations Arizona School District Bank Reconciliations Arizona School … read more
Posted in Profiles
Tagged accounting, auditor, capital assets, consultant, consulting, CPA, CPA firm, goverment, inventory, nonprofit, NPO, Sarah Jacobs, school district, Scottsdale, SFO, USFR
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Jim Rebenar, CPA
Areas of Expertise: Working with all types of governments and non-profit organizations Recipient of the Advanced Single Audit Certificate from the AICPA Financial statement and compliance audits Annual Comprehensive Financial Report submissions to ASBO International and GFOA Approved team member … read more
Posted in Profiles
Tagged accounting, Arizona, audit, CPA, government, James Rebenar, Jim Rebenar, municipality, nonprofit, NPO, school district, Tucson
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Goals and Objectives of Governmental Financial Statements
Governmental financial statements are unique in the world of accounting, and the recent flurry of new accounting pronouncements has added to the uniqueness. For perspective, the Governmental Accounting Standards Board (GASB) has issued 13 pronouncements in the last five years, … read more
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Tagged accounting, Arizona, audit, financial information, financial statements, GAS, GASB, government, Mike Hoerig, school district
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The Importance of Cash Reconciliations
School district cash reconciliations are one of the most important parts of operations. These reconciliations help ensure that districts operate with accounting information that is as accurate and reliable. They are also required per the Uniform System of Financial Records … read more
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Tagged accounting, Arizona, cash reconciliations, financial records, internal controls, school district, Scott Tang, USFR
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