LSLCPAs

MAY 2, 2024

Preparing reconciliations is an essential function of an accounting department in local government finance departments. Reconciliations not only ensure the account balance in the general ledger is complete, but if done properly, they should also tell you if the account balance is correct. In this article, we will.

Government 52

Government Finance general ledger Account 52

AccountingDepartment

NOVEMBER 2, 2023

When it comes to compliance with government regulations, navigating the intricacies and nuances of DCAA accounting is essential for any government contractor.

Government 97

Government Account accountant accounted 97

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. These should be integrated in any federal contractors accounting policies.

Government 219

Government accounting principles Account accountant 219

SMBAccountant

OCTOBER 7, 2020

This requires a detailed job costing within an accounting system for which many contractors are not prepared. These oversight bodies are not typically concerned with a contractor’s accounting system during a phase I award because of the fixed price. The accounting system must be able to identify and segregate disallowed costs.

Account 246

Account accountant accounted accrual accounting 246

SMBAccountant

FEBRUARY 19, 2024

Understanding the basics of government contracts is essential when engaging in contractual agreements with government entities. Attention to detail, alignment with legal requirements, and effective communication are crucial aspects of navigating government contracts, contributing to successful and compliant contractual engagements.

Government 246

Government accounting principles Legal Account 246

Accountant Advocate Submitted Articles

SEPTEMBER 26, 2022

Government contractors are required to follow certain accounting guidelines to maintain their standing.

Account 246

Account accountant accounted Government 246

MyIRSRelief

APRIL 29, 2024

But for these go-getters, navigating the complexities of running a business, especially the ever-challenging world of taxes and accounting, can feel overwhelming. This is where specialized tax and accounting firms step in, becoming a crucial partner for small businesses with under 100 employees.

Tax 130

Tax bookkeeping Account accountant 130

Xero

APRIL 17, 2024

Understanding the environmental impact of your business is critical in today’s business environment — and carbon accounting is a fundamental step in this process. With carbon accounting increasingly becoming another compliance measure mandated by regulators, businesses of all types and sizes need to get their emissions numbers in order.

Account 92

Account accountant accounted accounting apps 92

LSLCPAs

MAY 8, 2024

Is the balance in your payroll liability accounts ever-increasing, with no explanation why? Do you have liability accounts with large debit balances? In this article, we will discuss how to tackle those problem accounts that keep you up at night.

payroll 52

payroll Government cpas Account 52

SMBAccountant

AUGUST 12, 2020

When working as a government contractor, these processes and policies need to be written, reviewed, and updated regularly to ensure compliance with the company’s own requirements, and the accounting standards demanded of contractors spending tax dollars.

Government 190

Government Account accountant accounted 190

SMBAccountant

JULY 29, 2020

Budgets may be the most artful part of accounting. Government contractors have an even harder and more dire concern when it comes to cost plus contracts. Large variances between the budget and actual expenses can result in money owed to the contractor, or worse, money owed back to the government. The other issue is timing.

Government 190

Government Account accountant accounted 190

Accounting Today

NOVEMBER 8, 2023

The International Public Sector Accounting Standards Board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

accounting standards 122

accounting standards Account accountant accounted 122

ThomsonReuters

FEBRUARY 8, 2024

Jump to: What are the main accounting assumptions? Going concern assumption: A closer look How do common accounting assumptions relate to GAAP? Accounting assumptions, along with accounting principles and concepts, provide professionals with the necessary framework for preparing financial statements.

Account 96

Account accountant accounted accounting principles 96

Going Concern

MAY 16, 2024

Struggling to find remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Accountingfly can help! Sign up now to see the complete candidate list and connect with potential hires.

59

59

Going Concern

JANUARY 16, 2024

It’s possible this is just clickbait and thinly veiled advertising for remote recruiters (*sweats nervously*) but according to CNBC Make It , “accountant” is “the number one in-demand remote job companies are hiring for.” Accountant is the hottest work-from-home job on the market right now.

Account 115

Account accountant accounted accounting jobs 115

Cherry Bekaert

FEBRUARY 13, 2024

Governmental Accounting Standards Board (GASB) Statement No. 100, Accounting Changes and Error Corrections, an amendment of GASB Statement No. This accounting pronouncement is intended to streamline the reporting of accounting changes and error corrections, as well as the related disclosures in governmental financial reporting.

Account 96

Account accountant accounted accounting principles 96

AccountingDepartment

NOVEMBER 16, 2023

The government contracting sector is highly regulated and requires strict compliance with Defense Contract Audit Agency (DCAA) regulations. With ever-evolving regulations and a complex accounting system to manage, the government contract (GovCon) industry has a steep learning curve for small and medium-sized contractors.

Technology 83

Technology Account accountant accounted 83

RogerRossmeisl

SEPTEMBER 1, 2021

There may be a tax-advantaged way for people to save for the needs of family members with disabilities — without having them lose eligibility for government benefits to which they’re entitled. Anyone can contribute to an ABLE account. While contributions aren’t tax-deductible, the funds in the account are invested and grow free of tax.

Account 211

Account accountant accounted CPA 211

Cherry Bekaert

JANUARY 24, 2024

Contributors: DeWanna Coleman Governmental Accounting Standards Board (“GASB”) Statement No. 100, Accounting Changes and Error Corrections—an amendment of GASB Statement No. One government might report an accounting change, while another government might report a similar change as an error correction.

accounting principles 99

accounting principles Account accountant accounted 99

Cherry Bekaert

JANUARY 30, 2024

In the third episode of Cherry Bekaert’s Cost Accounting Standards (CAS) podcast series, Brendan Halloran , a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa , a Senior Manager in Cherry Bekaert’s Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions.

accounting standards 105

accounting standards cost accounting Account accountant 105

LSLCPAs

SEPTEMBER 12, 2023

With the settlements with various pharmaceutical companies and distributors being finalized recently, there’s been a lot of uncertainty about what the accounting for these settlement funds looks look. The post Accounting for Opioid Settlement Funds in Local Governments appeared first on LSL CPAs.

Government 59

Government Pharmaceutical Account accountant 59

MyIRSRelief

APRIL 3, 2023

That’s where an accountant (EA or CPA) can help. A Los Angeles, CA accountant can provide essential financial expertise and support to small business owners, helping them make informed decisions and manage their finances efficiently. Contact us today for all you tax and accounting needs.

Account 130

Account accountant accounted accounting and finance 130

SMBAccountant

NOVEMBER 21, 2022

Managers want to hand off their accounting and let it happen in its own vacuum. Unfortunately, this isn’t quite how accounting functions. Accounting requires input from all levels of the company. The accountant didn’t know, so they didn’t include that cash in the projection. In it, the role of management was emphasized.

Account 130

Account accountant accounted bookkeeping 130

Cherry Bekaert

NOVEMBER 6, 2023

Contact Us The post Cost Accounting Standard Considerations for a Growing GovCon appeared first on Cherry Bekaert. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you.

accounting standards 110

accounting standards cost accounting Account accountant 110

Going Concern

JANUARY 16, 2024

Supposedly accounting is the hottest in-demand remote job : The most sought-after remote job companies are hiring for isn’t in tech, as you might expect. Accountant is the hottest work-from-home job on the market right now. Accountants claimed the top spot in FlexJobs’ annual ranking of the top remote jobs in the U.S.,

Account 106

Account accountant accounted audit 106

Cherry Bekaert

FEBRUARY 26, 2024

Contributor: Veronica Vannoy Cherry Bekaert offers outsourced accounting services to businesses that want to reduce costs, improve efficiency and focus on core operations. Our certified accounting professionals produce accurate and timely financial reporting, while ensuring confidentiality and data security.

Account 81

Account accountant accounted accounting and finance 81

CPA Practice

MAY 2, 2024

Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor, with your hosts, Randy Johnston, and Brian Tankersley. Randy Johnston 00:10 Good day, welcome to the accounting Technology Lab. They do comprehensive services, including tax audit and client accounting services.

Technology 105

Technology Account accountant accounted 105

MyIRSRelief

MAY 17, 2021

You need to get EA, CPA help with Cannabis Accounting & Tax if you are going to have a thriving cannabis-based business in Los Angeles or Southern California. Along with the accounting issues, it is one of the most heavily regulated industries in the country. That makes compliance and even more important consideration that funding.

tax accountant 130

tax accountant Tax Account accountant 130

Accounting Insight

MAY 10, 2024

Small businesses are under pressure, and accountants are being called upon to provide a much-needed lifeline. Hiring an accountant or tax advisor to provide professional guidance and support. Yet, despite the myriad concerns, only 66% currently retain the services of accountants or tax advisors.

quickbooks 59

quickbooks Account accountant accounted 59

LSLCPAs

FEBRUARY 12, 2024

The post 4 Ways Outsourced Accounting Helps Non-Profits Deal with Multi-level Government Regulations appeared first on LSL CPAs. Your entity might be a charitable organization, a public charity, or a private foundation. Whether you are a 501(C)(3),(4), (6), or something.

Non-Profits 59

Non-Profits Government cpas Account 59

SMBAccountant

SEPTEMBER 23, 2020

Most companies set a threshold in their accounting policies to avoid wasted time and effort on immaterial or low cost items. Be sure to talk with your accountant about what depreciation is recorded in your books. Fixed assets are recorded on the balance sheet. This can happen over a period of time.

Government 170

Government Account accountant accounted 170

Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water. Your primary residence is usually exempt.

Account 95

Account accountant accounted accounting and finance 95

Cherry Bekaert

NOVEMBER 9, 2023

Authors: Gabriela Payne, CPA On September 14, 2023, California’s Legislature approved a landmark Senate Bill 253/Climate Corporate Data Accountability Act, which is expected to have global impacts on corporate climate accountability. Below we share what we believe to be their best answers: What Is Carbon Accounting?

Account 105

Account accountant accounted California 105

ThomsonReuters

JANUARY 18, 2024

Jump to: What are the roles and responsibilities for accountants? Accountant vs. CPA vs. tax preparer: What are the differences? GAAP and AICPA What issues should accountants be aware of in the profession? How can accountants be more efficient? Accountant responsibilities extend far beyond number crunching.

Account 59

Account accountant accounted tax preparation 59

CPA Practice

OCTOBER 12, 2023

post-secondary accounting degrees fell sharply in the 2021-22 academic year, according to a biennial American Institute of CPAs (AICPA) report on trends related to accounting graduation rates, the CPA Exam and hiring demand by accounting firms. The number of students earning U.S. and 8.4%, respectively.

Account 112

Account accountant accounted cpas 112

CPA Practice

SEPTEMBER 12, 2023

The Deloitte-Bitwave alliance offers clients a suite of symbiotic digital asset offerings to manage these new complexities, including connecting blockchain data to the ERP system to help companies unlock valuable insights in near real-time, accelerating monthly close with automated accounting, and streamlining crypto payments.

Account 131

Account accountant accounted accounting principles 131

CPA Practice

JULY 25, 2023

The resource’s launch highlights the important role professional accountants have to play in this context. Accounting for Climate Resilience is the last in a series of four interactive “ Accounting for” briefs focused on sustainability and business. Dr Jeremy Osborn, FCMA, CGMA, CPA (Aust.),

Account 97

Account accountant accounted accounting and finance 97