At Accounting For Good we are experts in not for profit accounting – which means we have a deep understanding of the range of finance issues and compliance obligations faced by charities and associations.
This depth of knowledge can be hard to resource with one person.
Our team approach ensures you have access to our broad range of skills and you will never have to worry about covering for holidays or sick leave again.
We help you modernise your processes, enhance your reports and set and achieve your goals, Whether it is payroll processing, paying the bills, technical accounting, Board reports or a grant acquittal – our team will manage the whole finance function.
By working with you to do things better, our Outsourced Finance Department model will ensure your finances are accurate, timely and presented to you in a meaningful way.
Our qualified accounting staff members review and verify your accounts, ensuring accuracy, completeness and compliance with standards.
They liaise with budget-holders regarding income drawdown, account for accruals and prepayments and manage fixed assets and depreciation. They allocate shared costs and reconcile the general ledger.
We will enure you so that your accounts provide a full and accurate view of your organisation’s financial performance and position.
And at year-end we will finalise the accounts and liaise with your auditors for you, sharing our work papers and schedules, and answering queries, to ensure a smooth audit process.
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. This will maximise the reporting capabilities of Xero and provide provide an effective guide to assess your financial performance against.
Budgeting effectively will assist your organisation to achieve your short and long-term goals, and position you best when applying for funding and grants.
We work with you to determine key performance indicators – financial and non-financial – and incorporate these into the management reports. This enhances your organisation’s understanding of its financial position and performance.
Each period, in accordance with your deadlines and schedule, 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 requirements in the not for profit sector are stringent and complex.
At Accounting For Good we are experts in the sector.
We seek to keep our clients safe and act as a ‘fresh pair of eyes’ to ensure all compliance obligations are met on time.
We oversee grant acquittals and regulatory reporting. We assist you to monitor internal controls and enforce your finance policies. and preparation for audit, tax and super as well as. We can also manage your compliance reporting to the ATO – BAS and IAS, fringe benefits (FBT), superannuation and Single Touch Payroll.
What a relief!
Accounting For Good can take care of all your bookkeeping needs, including payroll, supplier payments, employee reimbursements, credit card expenses and sales invoices.
We reconcile bank and credit card accounts and data from third party applications such as donation gateways or membership databases.
If you’re not outsourcing the role completely, don’t worry – we can work with your in-house bookkeeper to provide additional technical accounting and reporting expertise.