It costs money to run a charity, and administration for not-for-profits can’t be an afterthought. While most not-for-profit organisations are committed to keeping their costs low, sound financial management and administration are a necessity.
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AGMs are an ideal opportunity to share the organisation’s direction, financial health and overall performance with the broader community. They’re also a key compliance measure, but it can take proper planning to run one.
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Our office will close at 5:00 p.m. on Wednesday, December 24th, and reopen on Monday, January 5th, 2026.
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Reviewing 2025, one thing is clear: compliance and accurate accounting have never been more crucial for Australian charities and NFP organisations.
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In the Australian not for profit (NFP) sector, the concept of a Responsible Person holds significant weight in ensuring quality governance and public trust.
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In 2025, the responsibilities of NFP directors have expanded in scope. In this updated overview, we examine the current duties of NFP directors.
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How we record and report on deferred income has the potential to confuse clients from time to time. A common question is what is deferred income?
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What are prepayments? Simply put, a prepayment is an expense paid early before receiving the benefit. Accounting treats it as an asset on your balance sheet rather than an immediate expense.
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Bank account name matching is currently on the agenda for most organisations, and the not-for-profit and charity sectors are not immune to the process.
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Many organisations implement Xero as their bookkeeping software to simplify day-to-day accounting. In this article, we explain the benefits.
Read MoreWe work exclusively with ACNC registered charities and Not For Profit organisations with a turnover of AUD$1 million or more. If your organisation seeks professional and customised accounting support and services, we’d love to hear from you. Complete the contact form and one of the experienced team members will contact you shortly.
If you want to establish a charity or NFP, please read our article “Thinking of starting a charity or NFP.” Accounting For Good cannot assist new entities or start-ups at this time.
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