Running a successful not-for-profit organisation can be challenging, with the almost daily ‘firefighting’ that almost all non-profit organisations face distracting you from your main focus, your mission. Combined with juggling the need to attract sponsors, supporters and donations to provide the funding that sustains the activities supporting your mission, is the ever-increasing administration, compliance, transparency and accountability requirements to governments, such as the ATO, ACNC, stakeholders and donors.
Your organisation may also be struggling to attract and retain staff with the required financial skills or may have volunteers or staff who need to be available with hands on involvement to meet your not-for-profits core purpose, so don’t have the time or capacity to perform the accounting and bookkeeping tasks when they need to be done.
To keep on top of your obligations and meet reporting requirements, treating your not-for-profit like you are running a business is a must, with proper business processes providing sound financial management along with accurate and up-to-date data to inform decision makers and stakeholders, meaning you can achieve a greater impact, perform more effectively, meet your objectives, remain solvent and continue to support the community.
Working together in partnership to be an integral part of your pursuit of your success is our purpose and our privilege. HelloLedger is a CPA Practice and Registered Tax Agent, providing a full range of services to small to medium not-for-profit organisations including accounting, reporting, taxation, bookkeeping and payroll so you can focus more fully on your organisational goals. Essentially, we’re your ‘outsourced financial services’, providing you with:
regular reconciling of your accounts so things aren’t missed or doubled up
monitoring income sources are tracked and processed consistently (income grants and donations)
ensuring that users of organisation facilities are invoiced for their usage
checking supplier bills and ensuring your suppliers are paid on time
ensuring that where you have staff, that they are paid correctly and on time and have access to accurate payroll information
providing regular reporting (eg monthly, quarterly or annually) to see clearly what’s happening with the finances and the financial data to do your job
other obligations such as BAS, PAYG withholding tax and superannuation are taken care of
staying up-to-date with all compliance aspects such as lodgements with ATO, ACNC (Annual Information Statement and Annual Financial Report if required), or state based regulator reporting
At HelloLedger our focus is to improve effectiveness and efficiency through the use of cloud-based accounting technology to automate manual processes and provide up-to-date and accurate information.
Get in touch with us at HelloLedger today 0490 033 038 or send us a DM and we can talk about how we can help you.