by Jeanette Korporaal | Apr 9, 2020 | Churches, Covid 19, Financial Management, Not For Profit
A couple of major stimulus packages ago the PAYG Cash Boost was announced by the Australian Government. Please click here for the details of this. In essence, eligible employers will receive credits allocated to their ATO Activity Account based on the filed March BAS...
by Jeanette Korporaal | Mar 17, 2020 | Auditing, Churches, Financial Management, Systems
Church accounting for assets and depreciation These notes relate to non-property assets – such as ministry activities’ equipment, furniture, vehicles, office equipment, – ie not land and buildings and not fixtures and fittings that add value to the...
by Cecil Benjamin | Mar 3, 2020 | Churches, Financial Management, Systems
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...
by Jeanette Korporaal | Feb 25, 2020 | Church finance services, Churches, Financial Management, Not For Profit, Save Time, Systems, Xero
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...
by Jeanette Korporaal | Feb 3, 2020 | Churches, End of Year, Financial Management, Paperless, Systems, Xero
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....
