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For many organizations, the thought of establishing a performance-based compensation system can be daunting. Although it can’t be done overnight, this type of change is possible. And it’s likely to help solve a persistent challenge: retaining high performers.
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Automation, when implemented correctly, can bring about several benefits. Implementing an electronic work order system, for instance, is an automation tactic that directly benefits fieldworkers. Here’s how it could benefit fieldworkers within your organization.
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GASB 87 will impact you if you’re leasing property as a lessee or lessor. Generally speaking, the statement narrows the existing definition of a lease and modifies how it should be recorded on your financial statement.
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GASB 84 establishes criteria for identifying fiduciary activities. In a nutshell, it narrows the existing definition of a fiduciary fund and clarifies how these funds should be treated in the financial statements.
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Automation tends to involve software, but it’s never about reducing an organization’s head count. Instead, it’s about eliminating redundancies, paper, and inaccuracies while empowering employees to focus on meaningful work.
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There is so much to do, and rarely enough time, money, or resources to get it done. Many of our clients want to know how to go from putting out fires to making progress on the projects they’re passionate about. Does this sound familiar? If so, take heart—automation can help.
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For those tasked with audit preparation, the month of December can bring about more than highly choreographed visions of sugarplums. Scrambling at year’s end to prepare for the audittrying to recall activities from months past, sifting through pages of notescan bring about a great deal of added stress.
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In this article, you’ll find a summary of changes and key points to consider when implementing GASB No. 61.
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