Category Archives: Government

At LSL CPAs we are experts in California governmental accounting. We have two offices statewide to serve you including Irvine and Sacramento, California.

Reconciling Opening Balances
How Local Government Finance Teams Bridge the Books: Reconciling Opening Balances After Go-Live

Months of configuration, data cleanup, and testing culminate in a single moment: turning on your...

20
Nov
What the OBBBA 1099 Reporting Changes Mean for Local Governments

When Congress passed the One Big Beautiful Bill Act (OBBBA) earlier this year, most of...

29
Oct
Federal Government Shutdown
Navigating the Federal Government Shutdown: What It Means for Local Government Finance Departments—and How to Bounce Back

A federal government shutdown doesn’t just stop activity in Washington, D.C.—it creates ripple effects that...

16
Oct
Investments
Investments Made Simple: What Every Local Government Should Know About Reconciling, Reporting, and Preparing for Audit

Investments are an important part of managing public funds—but they can also be one of...

13
Oct
GASB
Making Sense of GASB 102, 103, and 104: What’s Changing and How to Prepare

Government finance never stands still—just as teams are wrapping up implementations of recent standards like...

22
Sep
Uniform Guidance Revisions
Uniform Guidance Revisions in Effect: Key Impacts for Local Government Finance Departments

In April 2024, the Office of Management & Budget (OMB) released the most significant revisions...

08
Sep
GASB 87 & 96
Lessons Learned from GASB 87 & 96: How to Simplify Your Year-End Close

When GASB 87 (Leases) and GASB 96 (Subscription-Based Information Technology Arrangements) first went into effect,...

25
Aug
Liabilities
Tackle Accounts Payable, Accrued Liabilities, and Long-Term Debt Reconciliations with Confidence

Government finance departments have a lot to juggle—tight deadlines, strict compliance requirements, and complex financial...

05
Aug
Accounts Receivable Reconciliations
Accounts Receivable Reconciliations: A Helpful Checklist for a Smooth Year-End Close

For many local government finance departments, reconciling accounts receivable (AR) can feel like an ongoing...

29
Jul
Pension and OPEB
Pension and OPEB Year-End Checklist: What to Gather, Calculate, and Report

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10
Jul
Bank Reconciliations
Steps to Smooth Bank Reconciliations (and Fewer Headaches at Audit Time) for Local Governments

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19
Jun
Capital Asset Management in Local Government: A Guide for Your Finance Department

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09
Jun
GASB 101
Understanding GASB 101: What Government Finance Teams Need to Know About Compensated Absences

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19
May
Data-Driven Decision-Making
Top 4 Key Benefits to Data-Driven Decision-Making in Local Government Finance Departments

Government finance departments play a crucial role in ensuring fiscal responsibility, balancing budgets, and optimizing...

25
Mar
Monitoring Transient Occupancy Taxes for Local Governments: Are You Leaving Money on the Table?

For many local governments, Transient Occupancy Taxes (TOT) are a critical source of revenue. Often...

13
Feb