Accounting for Good in Sydney, Australia | Accountant

Accounting for Good

Locality: Sydney, Australia

Phone: +61 2 9370 6200

Address: Level 1, 241 Castlereagh Street 2000 Sydney, NSW, Australia

Website: http://www.accountingforgood.com.au/

Likes: 366

Add/Update information

Reviews

Tags

• Non-profit organisation
• Accountant

25.01.2022 How are you keeping your team connected? We have a Mon-Wed-Fri Zoom call to check in with the team and clients; and yesterday we had a training session by Jane and Cliff with 20 of us dialled in. Zoom is proving a great tool to keep us connected professionally and socially. And Slack continues to be our channel of choice for client work discussions as well as the odd funny pic or meme...

24.01.2022 Our August newsletter has just launched... Inside you can read about charities' role in economic recovery, our team working from home and more JobKeeper updates. View the full issue online now.

24.01.2022 Are you a charity that elected to exclude government grants from your turnover calculation for JobKeeper? Well, the form to make that election is finally available and needs to be submitted by 20 June, or within 7 days of enrolment if you enrol after 14 June.

24.01.2022 Here at Accounting For Good, we have been utilising Xeros cloud-based accounting system for over a decade and with good reason. Not only because we believe it is efficient and a great tool for collaborating with our clients, but also because Xero is always investing in the software development that supports improvements to business processes.

23.01.2022 When you partner with us, we know your day to day processes become much easier to manage. Whether its invoicing, account reconciliation or transaction information, our systems are quick to navigate, and our team will support you through every task. Your dedicated account manager is readily available to answer any questions, and our proven processes will increase the quality of your accounting and bookkeeping and subsequently, your financial reporting. https://accountingforgood.com.au/day-to-day-processes/

22.01.2022 Wow - thank you Tranby, for this powerful, warm 6 minutes.

22.01.2022 The Australian Accounting Standards Board (AASB) published AASB 16 in February 2016. The Standard must be applied to annual reporting periods beginning on or after 1 January 2019. As we are now well into 2020, this Standard is applicable to all businesses and it changes the way that companies manage the financial accounting of their leases. It has a direct impact on the balance sheet and profit and loss statements.

22.01.2022 Social Ventures Australia and the Centre for Social Impact have teamed up to model the potential impact of COVID-19 on the financial health of Australian charities, with the report released in June 2020. Read more about the report on our website.

21.01.2022 We are pretty happy with our tech stack, but must admit it took some trial and error to get there. Receipt Bank brings you Kirsten and Charlotte's true tales and tips for success https://tinyurl.com/AFGRB

21.01.2022 How much financial data does a Not-for-Profit board really need in their monthly report? Not as much as they typically get. Read Spotlight Reporting's recent post. They spoke to our CEO, Kirsten Forrester, about how we utilise their tools for our NFP clients.

21.01.2022 Our June newsletter has just launched... Inside you can read our EOFY tips for not for profits, our review of a recent Australian charities financial health check and our Reverse Garbage story. View the newsletter online now.

21.01.2022 Social Ventures Australia and Centre for Social Impact have released a report that emphasises the important role that charities play in the Australian economy and how a sustainable sector is vital for national economic recovery once we are past the current health crisis. We take a closer look at this new report and highlight some of the key points.

19.01.2022 The COVID-19 situation is changing rapidly and organisations have had to react quickly. How are you managing the impact of COVID-19 disruptions on your operations? With the assistance of Justice Connect member firm Clayton Utz, Justice Connect Not-for-profit Law has prepared a briefing paper which aims to provide guidance to community organisations on some of the most pressing issues raised by COVID-19, including employment, contracts and insurance. Read more on their website...

17.01.2022 A message from Kirsten Forrester, CEO, Accounting For Good: Where to start? I feel confident that what I write today may likely be out of date by tomorrow as COVID-19 makes itself felt across the globe and creeps inexorably throughout our community." Read Kirsten's full message and our review of some resources available to NFPs.... And if you need help, you are welcome to reach out to us for a chat.

17.01.2022 Every individual within an organisation has their set of responsibilities. But what happens when a key staff member leaves and no one else in the company has access to the information that person managed? Being left without access to supplier contacts, software logins or worse still bank accounts, can be disastrous. Kirsten Forrester, Accounting For Goods CEO, discusses what should be included in an accounting handover checklist.

17.01.2022 Applications for the Federal Governments JobKeeper wage subsidy scheme opened on Monday 20 April there is now A LOT of information available on the ATO website so we wont re-create that all here. What we will do is clarify a few questions that weve been hearing frequently from our NFP clients.

16.01.2022 Wait! There's more... JobKeeper. The rules - for now - for the extended JobKeeper scheme were published yesterday. This extension hasn't been rolled out in the same haste as the first iteration, so we're hoping there won't be so many changes but are not holding our breath! Organisations will have to demonstrate the decline in revenue for the quarters ending June and September 2020 to be eligible for the scheme past the end of September.... https://treasury.gov.au/coronavirus/jobkeeper/extension See more

16.01.2022 Big JobKeeper news today: organisations will only have to demonstrate the decline in turnover for the September quarter (not June as announced last month). Also, employees as of 1 July will be potentially eligible in the extension scheme. Big relief for a lot of NFPs! https://treasury.gov.au/coronavirus/jobkeeper/extension

15.01.2022 Each financial year, when we reach Q4, we discuss the need to look at the coming years budget. Its no different this year except it is. We know that this year everyone is experiencing some turmoil, and trying to work out what the future looks like is especially difficult. Kirsten Forrester, Accounting For Goods CEO, talks about how to approach the necessary task of budgeting FY21 during the current COVID-19-impacted economic climate.

15.01.2022 Good decisions are based on a clear understanding of not for profit financial reporting. Break down the ‘accountancy speak’, get clarity, and empower your Board or staff to understand your reports. We can tailor a training session to the specific needs of your organisation. Plus, we can use your own reports as examples during the session so you can really hit the ground running.

14.01.2022 More AFG clients in the news. You can hear The Literacy for Life Foundation's Prof Jack Beetson talking about the importance of literacy and LFLF's approach. Literacy - including financial literacy - is normalised and embraced when kids see it happening around them, rather than being a 'subject'.

12.01.2022 Our July newsletter has just launched... Inside you can read about updates to JobKeeper, our accounting handover checklist for CEOs and the Centre for Disability Studies. View the full issue online now.

12.01.2022 Through the help of Accounting For Good, weve all grown in our knowledge of financial management. Professor Patricia OBrien, Director CDS Established in 1997, the Centre for Disability Studies (CDS) is focused on sharing knowledge that will help improve the lives of people with disabilities. We spoke with Professor Patricia OBrien about their vast array of projects and their relationship with Accounting For Good.

11.01.2022 Our May newsletter has just arrived! Read about changes to the Lease Accounting Standard... it's a complex topic! We look at how Xero is always developing new solutions to support businesses and we consider strategies for NDIS providers facing financial challenges. Plus, we feature the Women's Justice Network in our client spotlight. Read the full newsletter online.

11.01.2022 Moving your accounting to new software can seem daunting. We know. But its our mission to make the process as straightforward and seamless as possible. Xero enables efficiency and transparency in all your accounting processes. And it has the ability to support our clients in real-time. And its very user-friendly the integrated reporting platform and ability for managers to easily view their financial information means improved visibility and accountability.

11.01.2022 Moving your accounting to new software can seem daunting. We know. But it’s our mission to make the process as straightforward and seamless as possible. Xero enables efficiency and transparency in all your accounting processes. And it has the ability to support our clients in real-time. And it’s very user-friendly the integrated reporting platform and ability for managers to easily view their financial information means improved visibility and accountability.

11.01.2022 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 NFPs, charities and associations. This depth of knowledge can be hard to resource with one person. Our total team approach means you have full access to our broad range of skills plus, you will never have to worry about the impact of staff holidays or sick leave again.... Find out more about how we can help you.

10.01.2022 It's the end of the financial year and we know that this year has been unusual, to say the least. We have compiled a selection of tips that will help you plan for year end and be in the best position to achieve a positive outcome for your organisation.

10.01.2022 For the past 45 years, Reverse Garbage has been inspiring people to look at waste materials in a different light. Their innovative approach to reducing landfill is the basis of their enduring success. Like many other non profit organisations, they have experienced challenges during the recent COVID-19 pandemic, but as restrictions start to lift, they are welcoming a return to semi normalcy. Read more on our website.

10.01.2022 Another deadline for 31 August: with JobKeeper now extended to employees on your payroll at 1 July, organisations have until 31 August to make top-up pays for Jobkeeper fortnights. Check your employee eligibility now and make sure they've been paid at least $1500 per fortnight in August to claim JobKeeper subsidy for them.

09.01.2022 The JobKeeper deadline is 31 October! Time is almost up to opt in for the first extension of the JobKeeper program. There is no requirement to re-enrol if your NFP already receives JobKeeper, but you do need to confirm your decline in turnover for the September 2020 quarter compared to September 2019.... Read more in our newsletter - https://mailchi.mp/b6ef79265469/october-2020-newsletter

09.01.2022 The Deaf Society has been providing services and support to the community since 1913. For more than one hundred years, they have been helping deaf, deafblind and hard of hearing people and their families. Over this time, they have become one of Australia’s leading providers of specialist services. Their team focuses on equal access for deaf people across all aspects of society, including employment, life skills, language and relationships.... We spoke with Rosalie Kassulke from The Deaf Society about the organisation, the impact of COVID-19 and the relationship with Accounting For Good.

09.01.2022 The Fringe Benefits Tax (FBT) year ends on 31st March. The last thing you want is to realise in April that you have exceeded the threshold and find yourself with an FBT liability. Employers are required to perform a self-assessment of your FBT liability and lodge an appropriate return. We encourage you to review your payroll records now and be prepared to make adjustments if necessary.

08.01.2022 Today is Purple Day! Due to the current circumstances of the COVID-19 outbreak, Epilepsy Action Australia has cancelled all public events in line with government recommendations. Please help them recover from these fundraising losses, by considering a donation.

07.01.2022 Our October newsletter has just launched... Inside we have an important update on the JobKeeper deadline - 31 October. Plus, we start a new series of articles about understanding financial reports and we discuss donation website security. Read the full issue online.

06.01.2022 So many organisations have had their fundraising events knocked for six in recent weeks. If you're in that boat, this free webinar on Friday could give you some hope and pointers about a recovery.

05.01.2022 Heres one for all you numbers people, to give you a rest from trying to work out whether you are eligible for JobKeeper.

05.01.2022 Western Sydney Community Forum is hosting a live stream on Wednesday and we'll be there, talking about the economic stimulus available to NFPs and for-purpose organisations. http://www.wscf.org.au/interactive-live-stream-forums/

05.01.2022 In 2020, the ability to receive donations via your website has become more important than ever. Your website is one of the best ways to connect with potential donors. It is extremely important that not for profit organisations make sure their online donation platform and all website data remain well-secured.

05.01.2022 Our April newsletter launched today... Read our Q&A about the JobKeeper Payment scheme and we discuss the challenges of budgeting for FY21. Plus, we feature our client NADA and look at how they are navigating the current health crisis. View the campaign online.

04.01.2022 If we had a flagpole... AFG is proud to support the work of amazing Aboriginal organisations.

03.01.2022 Our latest newsletter has just launched... Inside you can read our tips for hosting a virtual AGM, we welcome our new account manager, Sarah Locke and we feature The Deaf Society. Plus we have more JobKeeper updates for you. Read the full issue online.

03.01.2022 There are a lot of challenges being faced by the alcohol and drug support sector right now. There are major shifts in service delivery because of COVID-19 and this is causing a lot of agencies to have to redo their budgets, to review their HR structures they need to make a lot of modifications to how they manage their finances. Larry Pierce is the CEO of NADA the Network of Alcohol and other Drugs Agencies. We talked to him about NADAs relationship with Accounting For Good and how COVID-19 is impacting the sector.

02.01.2022 The governments response to the global coronavirus pandemic has helped to minimise the spread across our country but the economic impact has hit hard on Australian businesses and their employees. The severity of this impact is yet to be quantified as we still face an extended period of disruption. Fair Work Australia has made an array of temporary changes to the Fair Work Act in order to support employees, employers and the community during this time. As an employer, its vital that you comply with Australias workplace laws and to be familiar with any changes to your responsibilities.

02.01.2022 What strategies could be implemented by NDIS providers facing financial challenges and/or income loss as a result of COVID? Do you have any suggestions about financial planning in light of the possibility of a second wave? AFGs NDIS clients are actually in a very good position despite COVID-19 one has even been able to extend the reach of their online group programs to regional NSW for the first time so it is possible to survive or even thrive in the circumstances.

02.01.2022 The finances used to take up a lot of time working in community where things are challenging making sure you are keeping track of expenses. The local staff need to work with systems that arent too onerous for them. Working with Accounting For Good has helped The Literacy for Life Foundation find ways to complete tasks more efficiently. They recognise that they are getting more work done and at the same time providing transparency and accountability for donors. Read their story online...

01.01.2022 The Annual General Meeting season is almost upon us, but with COVID-19 restrictions causing logistical challenges, many not for profit organisations will need to consider going virtual this year. Back in May, the Federal Government made temporary modifications to the Corporations Act under the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination). As the charity regulator, the ACNC also reviewed operational guidelines. Read more on our website.

01.01.2022 Are you across the latest JobKeeper changes - extension to enrolment deadline, extension to April top-up pay deadline, charities able to exclude grant funding from turnover test? Check our cheat sheet on the range of economic supports or head to the ATO for JobKeeper details. shorturl.at/nAVY4 https://www.ato.gov.au/general/jobkeeper-payment/

01.01.2022 Working from home has become the new normal in 2020. Weve reconfigured our home offices and found ways to make our new working environments as productive as possible. Here at Accounting For Good, our investment in technology and online systems has really paid off for the benefit of both our clients and our team. Paula Chegwidden, Valentyna Kors, Cliff Shen and Emma Wang discuss how we implemented the move to home-based operations and how technology continues to deliver the results our clients need.

01.01.2022 NSW small business COVID recovery grant applications close 31 August! Get a wriggle on if you are eligible for support.