Not for Profit
We currently undertake work for the following Not for Profit organisations:
- Australian Fashion Council Ltd
- Refugee Legal Inc.
- Mental Health Legal Centre Inc.
- Merri Outreach Support Services Inc.
- AFL Umpires Association
- AFAANZ
- Community Kinders Plus
- Ngukurr Language Centre Aboriginal Corporation
- Paintback Limited
- Frankston District Netball Association
- Kooyoora Ltd
- Glen Eira Kindergarten Association Inc
- Victorian Mental Health Illness Awareness Council
- Victorian Council of Churches
- Banksia Gardens Community Services
Services include:
Accounting services
We provide qualified accountants to perform data entry roles, or to oversee data entry roles in organisations. A much higher standard of output is provided when people inputting the data better understand the reasons why various entries are required and what they are for.
In addition to basic data processing we can assist with the analysis of reports such as Accounts Receivable and Payable to determine any action that may be required.
In addition to basic data processing we can assist with the analysis of reports such as Accounts Receivable and Payable to determine any action that may be required.
Balance Sheet reconciliations
We ensure that all important accounts are reconciled regularly, including (but not limited to):
It is extremely important to understand what makes up the balances of these accounts. Too often we have discovered accounts unreconciled for months which when reconciled cause large adjustments which may affect the Profit & Loss.
- Bank accounts
- Petty cash
- Accounts receivable
- Accounts Payable
- Payroll liabilities
- PAYG taxes
- Superannuation payable
- Salary sacrifice payable
- Annual leave & Long service leave
- GST payable/receivable
It is extremely important to understand what makes up the balances of these accounts. Too often we have discovered accounts unreconciled for months which when reconciled cause large adjustments which may affect the Profit & Loss.
Review of accounting systems & processes
We constantly look for better or more efficient ways of operating. This includes better utilisation of your accounting software. There is often more than one way to process a transaction. We can help you use the most efficient and meaningful one which will save you time then and in the longer term. Better use of your software means easier reconciliations!
Grants
We can assist in the preparation of grant applications
Many Government grants/funding require Acquittals upon completion or at certain milestones along the way. We can help set up your systems in such a way to make this process a lot easier using Job Codes in your accounting software.
We can also set up Departmental/Project reporting in your accounting software to help you better understand the different areas of your business.
Many Government grants/funding require Acquittals upon completion or at certain milestones along the way. We can help set up your systems in such a way to make this process a lot easier using Job Codes in your accounting software.
We can also set up Departmental/Project reporting in your accounting software to help you better understand the different areas of your business.
Payroll
We provide efficient and accurate payroll processing for your business.
We utilise online systems wherever possible including Online banking where payment files can be created from your accounting software, reducing the need for manual entries and duplication of effort.
We also understand the special FBT concessions involving salary sacrificing that are available for certain types of Not for Profit organisations (such as hospitals or Public Benevolent Institutions)
Year End Payroll – including full reconciliation between your payroll records and your Profit & loss statement. This is a crucial step to ensure your employees Payment Summaries are accurate. We can also prepare and lodge your payment Summaries electronically with the ATO.
We utilise online systems wherever possible including Online banking where payment files can be created from your accounting software, reducing the need for manual entries and duplication of effort.
We also understand the special FBT concessions involving salary sacrificing that are available for certain types of Not for Profit organisations (such as hospitals or Public Benevolent Institutions)
Year End Payroll – including full reconciliation between your payroll records and your Profit & loss statement. This is a crucial step to ensure your employees Payment Summaries are accurate. We can also prepare and lodge your payment Summaries electronically with the ATO.
Superannuation
Processing & lodgement of your Superannuation obligations has been subject to many compliance changes in recent times. We can assist with keeping you up to date and on track with the use of the ATO’s Small Business Clearing House (if you have 19 employees or less). Set up once and make one payment instead of many payments to different funds.
Many of the larger funds offer Clearing House services as well for greater than 20 employees.
Many of the larger funds offer Clearing House services as well for greater than 20 employees.
BAS / IAS
We can prepare & lodge your IAS & BAS on a monthly or quarterly basis as required.
Through the ATO Business Portal we can keep an eye on your obligations and payments constantly.
Through our experience we understand the need for your GST and PAYG obligations to be accurate and thoroughly reconciled and know how best to achieve this.
Through the ATO Business Portal we can keep an eye on your obligations and payments constantly.
Through our experience we understand the need for your GST and PAYG obligations to be accurate and thoroughly reconciled and know how best to achieve this.
Audit
Our completion of files for presentation to auditors at year end make for a much smoother audit process. They include all reconciliation work papers agreed to your Balance Sheet and Profit and Loss.
We can also prepare Special Purpose Financial Statements if required.
We can also prepare Special Purpose Financial Statements if required.
Board and Management Support
We will help Board and Management through a whole range of areas, such as:
- Governance issues
- Making sure the appropriate policies and procedures are in place
- Determining the most appropriate structure and makeup of the Board
- Understanding responsibilities of Directors
- Separation of authority between Board and Management
- Conflict of interest
- Risk management policy
- Finance strategies including dealing with Banks or other financiers
- Workcover issues
- Business Plans
- Business Reviews
- Staff recruitment and performance reviews