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CPA Cindy
CPA Cindy, Certified Public Accountant (CPA)
Category: Finance
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Experience:  15 years in public accounting (Big 4)
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My HOA audit had several small adjustments for 2010. do I need

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My HOA audit had several small adjustments for 2010. do I need to un reconcile December of 2010 and make the adjustments or just make them in Jan. sice I have not reconciled Jan. 2011 yet?
Submitted: 5 years ago.
Category: Finance
Expert:  CPA Cindy replied 5 years ago.

If they are not material, you can post them in January. That said, it will probably be easier if you adjust your books to match the audited results as of December. If you wait until January, you are going to end up with difference for you 2011 audit as well.


Hope that helps.



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