2022 has been a busy but successful year in not-for-profit accounting. We have seen changes and updates and experienced some highs and lows at the AFG headquarters.
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The AASB has recently released a discussion paper to simplify the accounting requirements for Tier 3 not-for-profit private sector entities. We share our comments on how we believe the AASB discussion paper will have a positive impact on NFP accounting.
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Some organisations plan for their financial year end in December, especially those in the education sector. Here’s our December EOFY accounting checklist for NFPs with a 31 December balance date
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The AASB governs Australia’s accounting standards and reporting presentation rules and offers guidance on maintaining standards in accounting consistency and quality. Specific AASB rules apply to accounting for not-for-profits. We unpack the AASB rules for revenue in the not-for-profit sector.
Read More![Technology in [NFP] accounting](https://accountingforgood.com.au/wp-content/uploads/2022/10/AFG-Technology-NFP-accounting-index-240x240.jpg)
The past few years have expedited digital transformation across most, if not all, industries across the globe. The same is true for the accounting sector, so let’s talk about what the future looks like for technology in NFP accounting and how organisations can prepare for this digital evolution.
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The world of finance and accounting is often laden with accounting and financial acronyms and terminology. Add terms relevant only to the not-for-profit sector, and the environment can become overcrowded. Here are some of our not-for-profit glossary of accounting terms you need to know.
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Managing cash flow in any business is tricky. In a not-for-profit, cash injections and grant or donation payments can be irregular, so it’s essential to plan and effectively manage cash flow for not-for-profit entities.
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Finding funding for not-for-profits (NFPs) and charities is often a standalone strategic tactic to manage an organisation’s ongoing operating costs.
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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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ANZUP is on a mission – fighting below-the-belt cancer (kidney, bladder, testicular, penile and prostate) with its first in-person pedalthon in two years.
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