Accounting for not for profit organisation

Whether it is navigating pressures from stakeholders, accounting for shifting regulations, or efficiently allocating limited funding to achieve organisational goals, we have the expertise for undertaking accounting for Not-for-Profit (NFP).

Together with CleanSlate, you can focus on what you do best: serving your community and making a difference. Trust us as we help you to navigate accounting complexities and achieve your mission.

accounting professionals

Accounting for NFP

CleanSlate provides an unparalleled level of 100% accuracy when it comes to accounting for NFPs.

Running a successful not-for-profit organization requires careful accounting and financial management. At our accounting firm, we have the expertise and experience necessary to help NFPs stay financially efficient and effective.

Whether you need assistance with budgeting, regulatory compliance, or financial reporting, we can handle all of your accounting needs.

Our team is well-versed in strategies specifically designed for the unique needs of NFPs, making us the ideal choice for ensuring the long-term success of your organization.

With our help, you can focus on what really matters - achieving your mission and serving your community.

So don't hesitate to get in touch - let us help you run your business more effectively today!

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offerings

Your practical NFP accountant

Our team is made up of experienced accounting professionals who work quickly and efficiently to deliver top-quality bookkeeping services that meet your specific business needs.

Affordable price

Affordable price

Our customised price packages offer a flexible pricing model that works best for your organization

Timely BAS

Timely BAS

Our team works relentlessly to ensure that your BAS lodgment is completed in a timely manner.

Trustworthy advisory

Trustworthy advisory

You can trust our team to provide advisory services to help you achieve your financial goals.

Reliable

Reliable

Trust our team to manage the end to end process of NFP accounting in a hassle-free manner.

Packages

Fixed monthly fee for a defined scope of services

Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:

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Unlimited support
Quick onboarding
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Only Bookkeeping & BAS

Only bookkeeping and BAS (Does not cover tax returns, payroll and super):

From

$165/month *ex GST
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Full financial statements
  • QuickBooks subscription
  • Annual business tax return
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Bookkeeping & Tax combined

For bookkeeping, BAS and tax returns (but no payroll or Super included):

From

$225/month *ex GST
  • Annual business tax return
  • Full financial statements
  • Software subscription
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Bookkeeping, Tax & Payroll

All inclusive package: Bookkeeping, BAS, payroll, Super and tax returns:

From

$280/month *ex GST
  • Annual business tax return
  • Full financial statements
  • Software subscription
  • Regular bookkeeping
  • Track income and expenses
  • Online BAS lodgment
  • Payroll processing
    for up to 5 employees
  • STP reporting
  • Employer super reporting

Add-Ons:

Businesses often require assistance with certain additional accounting tasks. To ensure flexibility to our clients, we offer hourly billing options for these additional tasks.

Accounts payable

Manage your bills, pay your vendors on time, and keep your cash flow in check.

From $99/month *ex GST

Accounts receivable

Streamline your invoicing, track payments, and manage your cash flow efficiently

From $99/month *ex GST

Multi-currency

Xero multi-currency allows you to receive payments in 160 currencies

From $99/month *ex GST
money back

CleanSlate offers 30 days money back guarantee to ensure client satisfaction.

Rest assured we always put our clients’ requirements first.

How is accounting for NFP different?

When accounting for a not for profit organization, there are a number of specific considerations that must be made. Unlike accounting for for-profit businesses, accounting for an NFP requires taking into account the unique mission and objectives of the organization.

In addition, accounting practices within the NFP sector often need to be more transparent than those of a traditional business, as many NFPs rely on community support and therefore need to maintain good relationships with their stakeholders.

Overall, accounting for NFP involves striking a balance between accountability and transparency on the one hand, and flexibility in order to carry out their mission and achieve their goals on the other.

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What does accounting for NFP include?

Regular bookkeeping

Regular bookkeeping

We use bank statements, receipts, and other financial documents to keep our clients' bookkeeping records constantly updated.

Payroll services

Payroll services

Whether you need assistance on superannuation or simply need help with payroll, we have the expertise and skills needed to get the job done.

Bank reconciliation

Bank reconciliation

Our team is trained to match your accounting data to your bank statements to identify any discrepancies.

Accounts payable

Accounts payable

We help you track your debts to suppliers so that your obligations are met on time.

Accounts receivables

Accounts receivables

By staying on top of your receivables, we can help ensure that you always have the cash flow to keep your business running smoothly.

Financial reports

Financial reports

Get access to timely reports that cover everything you need to know about your firm's financial health.

Why us

Why choose CleanSlate for your NFP?

Choosing CleanSlate as your NFP accounting provider means you can trust in our expertise and dedication to delivering top-quality services that meet the unique needs of your organization.

Highly experienced team with a focus on not-for-profit organizations

Understand the unique challenges and considerations that come with accounting for NFPs

Highly familiar with regulatory requirements specific to the NFP sector

Customised price packages allow for greater flexibility in meeting the needs and budget of your organization

Prompt and efficient services, ensuring compliance and timely financial reporting.

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TESTIMONIALs

Client reviews

Josel Jose

If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!

Questions

Frequently asked questions

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Accounting for not-for-profit organizations is different from traditional accounting in several important ways.

NFP accounting tends to be less focused on short-term profit than accounting for other businesses. Instead, the main objective of accounting for NFPs is typically to ensure that the organization is operating well and fulfilling its mission, rather than making a profit.

Additionally, many NFP accounting practices are designed to help improve transparency and accountability within these organizations.

For example, a not for profit accountant require to disclose certain details related to their organization's finances, such as expenditures on salaries and fundraising activities.

Overall, accounting for NFPs requires a unique set of skills and knowledge that are essential for helping those organizations thrive.

In order to maintain a high level of transparency and accountability in their financial practices, non profit organizations must take great care when accounting for their funds. This means ensuring that all donations are tracked carefully and that all expenditures are documented thoroughly.

It is also important to keep a close eye on costs and expenses, making adjustments as necessary to ensure that the organization remains financially stable. Furthermore, it is essential to be as transparent as possible with donors, communicating earnings and accounting practices in clear and straightforward terms to build trust & foster open, collaborative relationships.

By incorporating transparency and accountability into their financial management strategies, NFPs can remain sustainable over the long term.

In an NFP organization, accounting for in-kind contributions and volunteer time can be a complex task. On the one hand, accounting for these types of resources often requires specialised skills and expertise that most organizations do not have in-house.

In addition, accounting for such contributions can be very time-consuming, especially if there are significant numbers of volunteers or donors involved. However, with careful planning and a clear understanding of accounting regulations, it is possible to effectively account for in-kind contributions and volunteer time within an NFP organization.

This can involve working closely with consultants or experts in the field who understand accounting standards and the regulations governing non-profit organizations. Implementing accounting procedures such as tracking donations or comparing the number of hours volunteered to the cost savings that these contributions create can also help to ensure accurate accounting processes.

Implementing smart accounting practices for non-profit organizations can make sure that they are accurately accounting for every type of resource at their disposal.

As an NFP that relies on funding from both government sources and private donors, it can be challenging to strike a balance between financial accountability and flexibility in achieving your mission and goals.

One key factor to consider is accounting for the various needs of your organization's various stakeholders, including doctors, clients, and community members. This may involve setting clear financial targets, communicating clearly with all stakeholders about these targets, and carefully tracking progress against these targets over time.

It is also important that your organization retains some degree of flexibility in its day-to-day operations, particularly as changes in community needs or regulatory demands may necessitate ad hoc adjustments to your core programming or fundraising activities.

By juggling these two priorities effectively, you can ensure that your NFP remains financially sustainable while also remaining focused on delivering quality services to the communities it serves.

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Book a call with one of our Business Specialists

Discover the power of CleanSlate and see why we are the best accounting company for NFPs. Book a call with us now!

BDE

Ella Garnett

Business Development Specialist

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