Why Xero?

When our founder Morri spotted that accounting technology was on the move and the future was online, we went there (in 2009). At the time Xero was new full stop but even newer in Australia. Undeterred - or more accurately - confident that we were onto a good thing, Hasan became our first Xero bookkeeper, and our first Xero client was based in Alice Springs.

How to work towards a no surprises audit

No audit adjustments is one of our aims at Accounting For Good - we can’t always achieve it as sometimes there are items that were truly unexpected but we know that with good planning, communication and reporting it is possible to have no auditor adjustments. Let’s tackle some of the potential surprises mentioned in our July article.

Time to reveal EOFY results. Sort of.

Currently,  many non-profit CEOs and finance staff are preparing their financial reports for the July board meetings. These reports are anticipated by boards because they tell the financial story of the organisation for a full year and most importantly whether they have over- or under-spent on their budgets.

BUT...the EOFY reports do not tell the whole story. We talk about this in July's blog.

Auditing Of Non-Profits... Not Necessary For All

Audit requirements for not-for-profit organisations are driven by a number of factors. There are some common requirements between ACNC, ASIC and the State and Territory regulators, and the requirements vary depending on annual revenue. Click here to see whether your organisation needs an audit…or not.