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Specialist Bookkeeping for Churches and Not for Profit Organisations

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....
How to…   Prepare the GST reconciliation report

How to … Prepare and present the Payments Transactions Report from Xero.

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...
5 Principles to Raise the Financial Management of your church for His Glory!

5 Principles to Raise the Financial Management of your church for His Glory!

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...
Xero’s new Terms of Use – made Easy

Xero’s new Terms of Use – made Easy

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...
What if the GST on your Bill isn’t 10%? We have the answer!

What if the GST on your Bill isn’t 10%? We have the answer!

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...
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