Blog
News & Updates
Change to Modern Award – Annualised wage arrangements This may affect your full-time clerical staff!
There is a change to the award system that may affect your employees, effective March 1st. As you may have seen in the press about this update from the Fair Work Commission. These new rules affect all employees who are paid an annual wage under some awards. This does...
Sinking Funds for Churches have Sunk!
It has been a long-time common practice for churches to “set aside” money for future spending. This has been particularly used in the area of property maintenance and improvements. It has commonly been called “sinking funds”. The time to sink this practice has come -...
How to… Prepare the GST reconciliation report
Year end is a busy time for the bookkeepers, accountants and treasurers for churches. There are a lot of reports and a lot of detailed accounting work that must be completed. Amongst all the reconciliations of assets and liabilities is the reconciliation of the GST....
How to … Prepare and present the Payments Transactions Report from Xero.
Payments Transactions Report from Xero, this has been one of the commonly requested report forms requested by our clients. Many people have been using spreadsheets for the church bookkeeping and accounting which means there are can be doubts about the accuracy or...
Don’t get caught unprepared! Be ready for the upcoming Audit or Assurance Review!
2019 is gone and a new year, a new decade has begun! So now, for most churches and many not for profit organisations, it is time to prepare for your annual audit or assurance review. Here are the main steps that we have developed over many years of working with...
Christian Leaders need to be above reproach
This article is another in our series about “5 Principles to Raise the Financial Management of your church for God’s Glory”. This time we focus on Principle 1 - We are called to be above reproach What does it mean to be above reproach? The Bible speaks of being “above...
5 Principles to Raise the Financial Management of your church for His Glory!
At Benkorp we believe our calling is to Raise the Standard of Financial Management of Churches and Christian organisations for God’s glory. The way our churches manage their finances is an extremely important witness for God’s Glory. We believe that Christians are...
Xero’s new Terms of Use – made Easy
Xero is updating their terms of use effective from 1st Dec 19 They are joining a trend of corporate organisations to simply their terms of use and remove as much legal jargon as possible. You may have forgotten, but when you accept an invitation to access Xero, you...
What if the GST on your Bill isn’t 10%? We have the answer!
Sometimes we receive a tax invoice and the GST is not equal to 11th or 10% of the Invoice before the GST is added. In Australia GST is either 10% or 0%. So, why does it sometimes appear to be different? In this example receipt from (say) Woolworths, the total...