Tag Archives: Government Accounting

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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

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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...

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...

GASB 102: Shining a Light on Governmental Risk

Local governments face financial risks every day, from overreliance on a single industry to unexpected...

Capital Assets Crash Course: Handbook for Local Government Finance

LSL Webinar “Back to Basics | Capital Assets Crash Course” presented Noah Daniels, CPA, CPFO,...

Capital Assets in Action: A Crash Course with Examples for Audit Prep

LSL Webinar “Back to Basics | Capital Assets Crash Course” presented Noah Daniels, CPA, CPFO,...