- 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?
Tag Archives: CPA
Will I Still Be Helping Others in the Future (or Do I Have a Going Concern)?
Many people view going concern disclosures as a death sentence and last resort for their organization’s annual financial statements. These disclosures are daunting and appear extreme but are relevant and potentially necessary given the recent COVID-19 stay-at-home orders and economic … read more
Posted in Articles
Tagged accounting, COVD-19, CPA, FASB, financial report, going concern, Jared Young, nonprofit, NPO
Comments Off on Will I Still Be Helping Others in the Future (or Do I Have a Going Concern)?
Getting Your Organization Ready for Remote Auditing
Every year, the accounting profession takes another evolutionary step to meet the changing demands of our technologically advancing world. The current health crisis has highlighted the importance of up-to-date technology to help perform work efficiently and effectively from any location. … read more
Posted in Articles
Tagged Arizona, CPA, government, nonprofit, NPO, Patrick Copeland, remote auditing, remote working, technology
Comments Off on Getting Your Organization Ready for Remote Auditing
Maintenance & Repair or Capital Asset?
There are times when it is easy to determine that an asset should be capitalized, such as purchasing a piece of equipment over the capitalization threshold. Other purchases may be more complicated, such as roofing, streets, and add-ons that may … read more
Posted in Articles
Tagged accounting, Arizona, asset listing, capital asset, capitalization, CPA, CPA firm, financial statement, GASB, government, maintenance, municipality
Comments Off on Maintenance & Repair or Capital Asset?
Clarification on High School ADM/FTE
Thank you, Arizona State Legislature! With the recent passing of Senate Bill 1156 which went into effect in August 2017, the confusion related to whether or not a high school student should be considered as a full time student should … read more
Posted in Articles
Tagged accounting, ADM, Arizona, ARS, attendance, CPA, CPA firm, FTE, high school, legislation, lunch, periods, student, study hall
Comments Off on Clarification on High School ADM/FTE
Basic Financial Policies for Non-Profits
Financial policies play an integral role in the success of non-profits. Financial policies guide how staff and Board members are expected to operate, while providing clarity and setting expectations. Non-profits are also required to disclose whether they have certain policies … read more
Posted in Articles
Tagged accounting, Arizona, board, CPA, CPA firm, Form 990, internal control, nonprofit, NPO, policies, procedures
Comments Off on Basic Financial Policies for Non-Profits
How to Make Corporate Sponsorships Work for You
Has your nonprofit organization ever tried to organize an activity or special event, only to realize that you lacked the necessary funding to support it? Did you consider partnering with a local business as an option to cover the expense? … read more
Posted in Articles
Tagged accounting, Arizona, charity, corporate sponsorship, CPA, CPA firm, event, fundraising, nonprofit, NPO
Comments Off on How to Make Corporate Sponsorships Work for You
Adjacent Ways – The “Other” Levy Fund
School districts in Arizona levy property taxes for general operational and capital needs. Districts can also levy property taxes for additional needs pending voter approval. Additional needs include bonded debt repayments and operational or capital overrides. However, districts have access … read more
Posted in Articles
Tagged accounting, adjacent ways, Arizona, Arizona Revised Statues, CPA, CPA firm, levy, school district, taxes
Comments Off on Adjacent Ways – The “Other” Levy Fund