We can be your finance department
Accounting For Good understands the range of financial work required in a non-profit organisation and we know how difficult it can be to resource that with a single person so our approach ensures that there is always someone available to support and advise you. Whether it is payroll processing, a supplier query, technical accounting, management analysis or CFO support, AFG's team based approach ensures that the right mix of expertise is available to you at all times.
Our CPA or CA qualified accounting staff review and verify the accounts ensuring accuracy, completeness and compliance with Standards. They liaise with budget-holders regarding income drawdown, account for accruals and prepayments, manage fixed assets and depreciation, allocate shared costs and reconcile the general ledger.
We ensure that the accounts provide a full and accurate view of the organisation's financial performance and position. At year-end we will finalise the accounts and liaise with your auditors, sharing our workpapers and answering queries, to ensure a smooth audit process.
Accounting for Good can take care of all the bookkeeping including payroll, supplier payments, employee reimbursements, credit card expenditure and sales invoices. We reconcile bank and credit card accounts and data from third party applications such as a donations gateway or membership databases.
All our Assistant Accountants are Xero certified and some are degree-qualified accountants. If you do not want to completely outsource the role, we can also work with your on-staff bookkeeper, providing the technical accounting and reporting expertise that might be outside of their skillset.
Accounting For Good will support you to develop budgets each year and to reforecast or revise as necessary. Our budget tools assist your team to develop comprehensive budgets by cost centre and activity to maximise the reporting capabilities of Xero and provide a guide to assess financial performance.
Budgeting effectively will assist your organisation in achieving short and long-term goals which are often linked to when organisations receive funding and grants.
We work with our clients to determine key performance indicators – financial and non-financial – and incorporate these into the management reports, enhancing the organisation’s understanding of financial position and performance.
Each period, to an agreed deadline that suits your information needs and meeting schedules, we prepare a suite of meaningful, accurate and timely reports for decision-makers. We support you to understand material variances and take appropriate action.
COMPLIANCE AND RISK MANAGEMENT
We seek to keep our clients safe, and act as a 'fresh pair of eyes' to ensure all aspects of compliance are covered. We oversee grant acquittals and regulatory reporting, monitor internal controls, preparation for audit, tax and super as well as BAS, IAS, FBT, SCG. We can also manage all compliance reporting to the ATO.