Good news for highway contractors in Georgia: The State Transportation Board agreed Thursday to loosen up funding of highway projects that has slowed significantly since the state changed its budgetary practices nearly two years ago following a critical audit. Board members voted overwhelmingly to return to a system of “accrual accounting,” which allows the Department of Transportation to commit funds to multi-year projects before all of the money is in hand. A state audit in 2008 concluded that accrual accounting was a violation of the Georgia Constitution, and then-DOT Commissioner Gena Evans halted the practice. Combined with the economic downturn,... Continue reading

My name is Ed Polack and I am an independent business consultant. I own a firm in the Prague that specializes in the accounting and fiscal cash register industry. I have started this blog for the following reasons: share answers to frequently asked questions from our clients post things that I read and want to communicate to others link to information on the internet that will interest participants in the accounting and bookkeeping industry Thank you for taking time to look at my blog. I hope that you find information here that will make you want to come back. Continue reading