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News & Updates
Warning! – Xero Customers targeted with phishing or malicious emails
Many people have been receiving phishing and/or malicious emails which say they are from Xero or use the Xero logo. Beware! Delete them! Please also report to Xero – [email protected] Make sure you check the sender’s email address. Xero says “It pays to...
How to be actively interested in your church’s finances
Not just Committees, Treasurers and Finance Departments of churches and ministries This is a formidable combination as a headline for any church or ministry. It appears to be more like the heading of the daily business news – TV, email, social media or newspaper. It...
Say hello to Crizel
Crizel joined the Benkorp team in 2016 as an accounting specialist and bookkeeper. As an accounting graduate Crizel had gained some very practical experience before joining our team and was looking to increase her systems experience and exposure to practical...
How to create a Create a Missions Donations Payable report in Xero
The new Accounts Transactions report provides some amazing flexibility. We have customised some great reports that some churches love using this new Accounts Transactions report. One of these is what we call the Missions Donations Payable report. The purpose of this...
10 points for how to prepare a great budget for your church
Going on holiday is always best when we have made proper preparations. Holidays can be a lot of fun and we certainly expect to enjoy ourselves when we are at the holiday destination or on tour. When we arrive there is a real sense of fulfilment for all the...
How to create a Repairs & Maintenance Log report in Xero
The new Accounts Transactions report provides some amazing flexibility. Please click here for some information about this report provided by Xero’s new Help Central functions. We have customised some great reports that some churches love using this new Accounts...
Church and Not for Profit Employer responsibilities – Employee Records
There are several areas relating to employee records that church employers are affected by laws and regulations in relation to employee records. Some are: Fair Work Act/NSW Industrial Relations – see more details below Salary Sacrifice/Fringe Benefits –...
Cash, Accruals, Prepayments, Accrued Expenses & Income, Income Received in Advance, Prepaid Income AAAGH!!
What does it all mean? When do I use which one? All this “Accounting-ese” words can confuse. However, these words are especially important at year end; a time that is already busy, confusing and stretching in many ways! Hopefully the following notes will simplify and...
Charging and claiming the correct GST on Church property rentals
Many churches rent their property spaces – commercial, residential & Halls. Some churches rent these properties at full market rate, to support the work of the ministry of the church. Many churches choose to rent their properties at a low rate as part of...