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...
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....
by Que Jones | Jan 29, 2020 | Churches, Financial Management, Paperless, Systems, 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...
by Que Jones | Nov 12, 2019 | Financial Management, Paperless, Risk, Save Time, Security, Systems, Xero
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...
by Que Jones | Nov 5, 2019 | Financial Management, Systems, Xero
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...
by Que Jones | Oct 30, 2019 | Financial Management, Save Time, Xero
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...
