Blog
News & Updates
Staying connected with your team or group – when alone, or working from home
We are being encouraged to “self isolate” or quarantine ourselves So, during this time it is very important, even essential, to stay connected with other people. This is especially important to be connected with the teams and groups that are ordinarily part of our...
Non-Property assets, what do you do with them? Depreciate or not?
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 property or...
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...