At LSL CPAs we are experts in California governmental accounting. We have three offices statewide to serve you including Brea, Sacramento and Santa Ana, California.
A year and half from now, governmental entities will be reporting leases in accordance with GASB Statement No. 87(which is first effective for June 30, 2021, year ends). While it may seem like a long time, the time and effort needed to prepare for implementation will be significant for many Read more…
As we wrap up our June 30, 2019 audits, we are now well into fiscal year 2020, which brings us a new, and potentially challenging accounting pronouncement! In January 2017, the Governmental Accounting Standards Board (GASB) issued Statement No. 84, Fiduciary Activities, which establishes criteria for identifying and reporting fiduciary activities Read more…
So you’re considering moving to an ERP Program or Service in the Cloud. Here is some insight on the opportunities, the risks, and things to consider when considering a cloud ERP Program, or Service: The Opportunities and Benefits: Cost – Cloud computing eliminates capital expenses involved with hardware, software setup Read more…
ERP stands for Enterprise Resource Planning and refers to a suite of software applications that the organization use to manage activities. The key benefits include integration of systems across Organization departments and business functions into a common database and therefore promoting efficiency, improved control, and more streamlined processes. In today’s Read more…
Location: Resort at Squaw Creek, Lake Tahoe Speakers: Bryan Gruber, CPA and Ken Macias, CPA Also attending: Rich Kikuchi, CPA, Debbie Harper, CPA and Brandon Young, CPA Topic: TBA More info and to register: https://www.calsaca.org/calendar
The LSL CPAs Government Team is having some fun at the 2019 CSMFO Conference in Palm Springs, CA. Thank you to everyone who had the opportunity to drop by our booth! LSL CPAs wanted to take full advantage of this year’s Conference Theme: Guardians of the Finance Galaxy. Using Nerf Read more…
As the CSMFO Conference gets kick started, some attendees got right into some action playing tennis with some Pros at the CSMFO BOTW 8th Annual Tennis Mixer. LSL CPAs always enjoys partnering with Bank of the West to co-sponsor and provide the lunches for the players and Tennis Pros. The Read more…
Do you capitalize interest in your financial statements? If yes, a new GASB statement will impact your financial statements. In June of 2018, GASB statement 89, Accounting for Interest Costs Incurred before the End of a Construction Period, was issued. The statement was issued to address some concerns with consistency Read more…
Expenditures for federal grants can be from both direct and indirect costs. Direct costs are those that can be easily assigned to a federal award program, they include cost of goods and services directly related to the grant activity as well as compensation and related fringe benefits of employees who Read more…
For government websites, ADA compliance must be more than a box on a to-do checklist. Since it was the government that put these regulations in place, it will be your visitors, as well as other public and even private sector entities, that will be looking to you to understand these Read more…