R 4.431 Records; itemized accounts; accounting method; posting; allocation or proration.

Rule 31. (1) A lobbyist or a lobbyist agent may use any reasonable accounting method in maintaining the itemized accounts required by section 9 of the act. The method selected shall be utilized consistently and shall reasonably reflect the expenditures and financial transactions of the lobbyist and lobbyist agent during any given accounting period. (2) If any expenditure is incurred wholly or partially in connection with lobbying, it shall be posted in the appropriate itemized account required by section 9 of the act after being incurred. An expenditure incurred partially in connection with lobbying may be allocated or prorated by any reasonable accounting method. The accounting method used shall be described in detail in an attachment to the itemized account.