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Common Accounting Mistakes: Government Edition - Issue #8 Unallowable Expenses

SMBAccountant

These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing. Here are some common examples of unallowed expenses: Alcohol – the government will not reimburse alcohol even though it is a legitimate business expense for entertainment of potential or current clients.

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Common Accounting Mistakes: Government Edition - Issue #8 Unallowable Expenses

SMBAccountant

These costs must be recorded in separate general ledger accounts to be easily identified and excluded from any billing. Here are some common examples of unallowed expenses: Alcohol – the government will not reimburse alcohol even though it is a legitimate business expense for entertainment of potential or current clients.

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

It’s been a while since we’ve done an Accountants Behaving Badly megapost ( 381 days ago , actually), here’s some bad behavior you may have missed. Twice-Convicted Accountant Is Charged With Embezzling More Than $1.1 Palos Hills Accountant Indicted In $7.8M This stock photo is incredible.

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OneStream Launches Automated Account Reconciliation

PYMNTS

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

Account 56
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Tipalti Adds Expense Management to Finance Automation Platform

CPA Practice

Auto ERP Sync and Reconciliation : Expense-based transactions and reimbursements are automatically captured, processed and categorized by general ledger (GL) expense type for better visibility and are automatically reconciled at the entity GL level within the ERP system. Tipalti also launched a physical U.S.

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What Your Financial Reports Really Tell You

MazumaBusinessAccounting

It’s not the same as getting a five-year accounting degree, but it’s going to give you the knowledge to make smart business decisions. Food & entertainment. Income is simply what money your business generates. This is where the accounting rules come in. This is where the accounting rules come in.

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Financial Discovery Checklist (Family Law)

FraudFiles

List of all bank accounts in the party’s name or to which the party has access, including the bank name, bank location, account number, and type of account. List of any loans, accounts, or claims receivable with parties, terms, and full details.