Separating business and personal finances

8 Accounting To-Dos for Your End-of-the-Year Checklist


8 Accounting To-Dos for Your End-of-the-Year Checklist

An understaffed accounting department caused big trouble for the city of Spokane, Washington. During an audit of the city’s 2014 taxes, several errors surfaced, including revenue miscalculation, an overstatement of general fund expenses and inaccurate reports of debt changes.