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News & Updates
Xero’s new Terms of Use – made Easy
Xero is updating their terms of use effective from 1st Dec 19 They are joining a trend of corporate organisations to simply their terms of use and remove as much legal jargon as possible. You may have forgotten, but when you accept an invitation to access Xero, you...
What if the GST on your Bill isn’t 10%? We have the answer!
Sometimes we receive a tax invoice and the GST is not equal to 11th or 10% of the Invoice before the GST is added. In Australia GST is either 10% or 0%. So, why does it sometimes appear to be different? In this example receipt from (say) Woolworths, the total...
Dealing with Donations received for on-payment to other Good Causes!
So, what do I mean, when I say Donations Received for others? When I refer to Donations Received for Others, in the church context, I am referring to the money given to, or collected by, churches. This money is given with the expectation that the church will pass on...
Official COMPLIANCE TO-DO list in a Treasurer hand over
When there is a change over of treasurer in the church or part of a committee board, do you know who you need to inform? Do you know how to officially notify the right people? Churches are notoriously lax in updating their compliance details: government agencies...
“Out of the ordinary” RISKS – Part 5
Thank you for joining us for yet another instalment on the Risk Series! This is part 5, if you have missed the previous posts you can find links at the bottom of this post. If you read this post and feel there there is more that you can be doing to reduce risk in your...
Reduce Risk! Internal Controls that are essential for churches – Part 4
Welcome to the 4th part of the Risk series! We hope that you have found this series helpful for you and the life of your church. If you haven't read the first few parts of the risk series, you can do so via our News and Blogs link: https://www.benkorp.com/news-blogs/...
Risk of the Future – Part 3
Welcome to Part 3 in series on Risk. In this entry we are going to focus on not being ready for the future. Don't forget to read Part 1- The Risk Series Introduction & Part 2- Red Flags of Risk in the church. Being too conservative or too aggressive in our...
Lodge your BAS directly from Xero!!
Did you know you can lodge your organisation BAS directly to ATO from your Xero organisation account? It is so easy!! No ATO Portal access. No paper. No Auskeys! So Good!! There are a few steps to set up and then you can lodge your BAS with the ATO from within Xero!...
Red Flags of Risk in the church – Part 2
Here is the second article in our series on “Risk in the church and organisations”. In this article we discuss Red Flags of Risk in the church for Fraud and Embezzlement Red Flags are indicators that something may be wrong. They can be character traits, situations, or...