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Specialist Bookkeeping for Churches and Not for Profit Organisations

The honorarium – is it still ok?

The honorarium – is it still ok?

by Cecil Benjamin | May 29, 2020 | Churches, Financial Management, Not For Profit, Systems

Last December 2019 we posted an article about “paying people legally”. Since then so much has happened to make our lives somewhat chaotic. However some things don’t change. Despite the current season of COVID and all its challenges for our administrations we are still...
My Xero seems to be acting weird!

My Xero seems to be acting weird!

by Que Jones | May 28, 2020 | Churches, Financial Management, Systems, Xero

People sometimes call us, saying: “My Xero account is acting a bit weird, what does it mean?” We ask, “what do you mean, what happens?” “I can’t run transactions properly and I can’t run reports” Scenario This is definitely an issue although generally it is not...
PAYG Cash Boost : What to do now and how to account for the PAYG Cash Boost Credit

PAYG Cash Boost : What to do now and how to account for the PAYG Cash Boost Credit

by Que Jones | 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...
Sinking Funds for Churches have Sunk!

Sinking Funds for Churches have Sunk!

by Que Jones | 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...
How to…   Prepare the GST reconciliation report

How to… Prepare the GST reconciliation report

by Que Jones | 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....
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Benkorp Management Services Pty Ltd
PO Box 2442
Bakery Hill VIC 3354
Australia

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