- 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: expenses
Travel Reimbursements – Tips for Uncommon Scenarios
USFR Compliance Questionnaire findings for travel reimbursements exceeding the maximum amount established by the Arizona Department of Administration are fairly common. Here are some tips on how to handle some of the common travel reimbursements situations that result in findings. … read more
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Tagged accounting, Arizona, employee, expenses, Preyanka Govender, reimbursement, school district, travel, travel claims, USFR
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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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Navigating Part VII of the Form 990
Each year non-profit organizations complete and file the IRS Form 990. The Form 990 requires the disclosure of certain compensation information for select individuals. Below are some pointers to help you navigate this portion of the Form 990. Part VII … read more
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Tagged Arizona, compensation, expenditures, expenses, FASB, Form 990, information return, IRS, non-profit, NPO, payroll, tax return
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Coming Soon! Change to Not-for-Profit Expense Reporting (Part 2)
As discussed in Part 1 of this blog series, one of the new requirements under Accounting Standards Update 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, is enhanced disclosures over the methods used to allocate costs among program and support functions.Allocation … read more
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Tagged Arizona, classification, expenses, FASB, financial statements, functional expenses, nonprofit, NPO, support services
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Coming Soon! Changes to Not-for-Profit Expense Reporting (Part 1)
For the first time in 20 years, FASB has made some major updates to the not-for-profit financial reporting and disclosure model. Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities was created to improve … read more
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Tagged Arizona, classification, expenses, FASB, financial statements, nonprofit, NPO
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Budgeting Expenditures in the Debt Service Fund
Posted April 24, 2017 Presentation by Sara Kirk:
Posted in Videos
Tagged budget, debt service, expenditures, expenses, school districts
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Allowable Travel Meal Expenses
Several questions often arise when processing travel reimbursements: Was it an overnight trip? Where did the employee travel to? Were any meals provided at hotels and/or conferences? What is our policy on receipts? Once all these questions are answered, you … read more
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Tagged accounting, accounting manual, Arizona, CPA, CPA firm, employees, expenses, government, meal, rates, reimbursement, SAAM, school district, travel
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