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News & Updates
Important Announcement for Churches and Not-for-Profit Organisations: New Tax Agent Nomination Requirements
From November 13, 2023, to better assist our clients with Single Touch Payroll (STP) or Business Activity Statement (BAS) work, the ATO are introducing new requirements. If you are not already on our client list, you will be required to complete the Tax Agent...
The Benkorp Story Continues
The Benkorp name comes from founders Cecil Benjamin and Jeanette Korporaal. Qualified accountants, Cecil and Jeanette have worked together in various capacities since their marriage in 1986. They both worked in corporate finance & accounting roles for a large...
Smooth Financial Management for Churches
Managing the finances of a church can be an overwhelming task, especially when dealing with a large congregation and multiple staff members. Keeping expenses in check, tracking donations, and ensuring financial transparency are all aspects of church finances that need...
How to ensure a seamless EOFY in Xero Payroll
These are some MUST DO points to be completed For the checklists of what is required in each point, Click here for details Check your employees’ records Review pay items and their settings Post and file any pay runs for the 2022/23 financial year Process any...
It’s time for Churches & NFP to stop writing cheques
Now's the time to start using online banking As Australia phases out cheques, BSB and account number payment methods by 2030, it's high time that churches and not-for-profit organisations start moving away from these outdated payment methods. Treasurer Jim Chalmers...
PRACTICAL TIPS TO GOING PAPERLESS – using Xero
Struggling to free yourself from paperwork? Going paperless with Xero could be the key - reducing your time spent filing, searching, boxing and sorting. Plus you'll have easily accessible documentation for all approved users at a moment's notice. With over 30 years...
Are your organisation’s Compliance Contact details up to date?
Are the Compliance Contact details for your organisation up to date? Compliance Contacts are the persons officially registered with government agencies as representing your organisation. These people can deal with the agencies and the agencies will contact them for...
Why do Church and NFP accounts need an annual review or audit?
Transparency is an essential aspect of the finances of every Church and NFP organisation. Transparency engenders trust and a significant measure of certainty about the finances for the members and stakeholders of the church or NFP organisation. Trust People remain...
Are you Finalising 2022? Or Getting Started with 2023?
The in-between time for Church accounts - it’s always a busy period Are you Finalising 2022 or Getting Started with 2023? January is often the time of year when church bookkeepers and treasurers are preoccupied with fun things and hoping that angels or fairies will...