Month to month with aFG
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 below to see if your organisation is in need of an audit.
TIME TO REVEAL EOFY RESULTS. SORT OF.
Currently, many nonprofit CEOs and finance staff are preparing their financial reports for the July board meetings - reports that are highly anticipated by boards because they tell the financial story of the organisation for a full year. BUT...the EOFY reports do not tell the whole story. We talk about this in July's blog which you can read by clicking below.
AUSTRALIAN ACCOUNTING STANDARDS ARE CHANGING!
A few key Australian Accounting Standards are changing and are mandatory for NFPs for reporting periods beginning on or after 1 January 2019. This is a year later than for other entities but NFPs can choose to ‘early adopt’ and Accounting For Good has already done our first implementation for a client.
Click to read more about it.
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 , Hasan became our first Xero bookkeeper, and our first Xero client was based in Alice Springs. Click below to read about why we love Xero.
SPRING CLEAN YOUR ACCOUNTS!
It’s that time of year when many non-profits will have completed audit and received the auditor’s letter detailing adjustments to the accounts and risks they’ve identified. This month we discuss some of the items that we found auditors - and Boards - were keen on correcting this year. Click below to read more.
HAPPY AGM SEASON!
It’s AGM season for many organisations - a chance to reflect on the year that was. But, it is also a time of renewal as organisations welcome new Board or Committee members to the governance team. Click below to read our best practice tips for inducting your new Board members.