Managing your finances

A Not For Profit organisation will generally need to make and spend money, if only to cover the costs of providing their services, day to day operations, and to plan and provide for the future. Finances are an important consideration.

Your obligations around record keeping, reporting and auditing will depend on your legal structure, the types of transactions you do and your annual turnover.

Accessing tax concessions and rebates, and making sure your Not For Profit meets its obligations for tax, including GST, income tax, fringe benefits and other employer requirements.
The financial reporting and auditing requirements for Not For Profit organisations vary depending on legal structure and annual revenue.
Maintaining accurate and up-to-date records of financial transactions in your Not For Profit organisation is essential for good governance and ease of reporting when required.
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