Not-for-profit
Not-for-profit organisations.
Reporting and compliance for organisations answerable to members, funders and regulators.
Overview
Accounting for not-for-profit organisations, where reporting requirements and governance expectations differ from those of a standard business.
We handle the financial reporting, grant acquittals and compliance that funders, members and regulators expect, in a form the committee or board can actually read and act on.
What this covers
- Monthly accounting
- Financial reporting
- Grant acquittals
- BAS and IAS lodgement
- Governance support
- Reporting for committees and boards
What we will need
- Bank statements and the accounting file
- Grant agreements and funding conditions
- Records of donations, membership and fundraising income
- Payroll and volunteer expense records
- Minutes or resolutions relevant to the finances
- Last year's financial statements
Worth knowing
Reporting usually answers to more than one body.
Organisations registered as charities report to the ACNC as well as meeting their ATO obligations, and grant funding generally carries acquittal requirements set by the funder rather than by either regulator. Those obligations run on different calendars, so the accounts need to serve all of them.
Who this is for
Community organisations
Regular accounting and reporting for members and committees.
Registered charities
Reporting obligations alongside the ATO requirements.
Grant recipients
Acquittals prepared against what the funder agreed to.
Boards and committees
Figures presented clearly enough to govern from.
Get in touch
Let's get your tax sorted.
Whether you're lodging your tax return or looking for ongoing business support, GBTax is here to help.
Send an enquiry and we'll come back to you to arrange a time, or email info@gbtax.com.au.