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Annual Reports

Accounting

Incorporated Societies – Financial Reporting

“The Incorporated Societies Act 2022 that was passed in April this year brings about many changes to how societies operate. One of the areas of change is how societies prepare their financial statements.  From October 2023, once a society re-registers, it will have to start using External Reporting Board (XRB) Read more…

By NFP Editor, 2 days15 August 2022 ago
Accounting

Are Not for Profits ready for
their reserves to be made
public?

Recommendations from the recent Charities Act Review could mean registered charities with operating expenses over $140,000 per year will be required to disclose information about the reserves they hold,

By NFP Editor, 3 days13 August 2022 ago
Accounting

Simplified reporting for Tier 4 Charities

We have frequently been called upon to assist small charities who are struggling with the complexity of the XRB reporting format required to comply with the DIA Charities Annual Report. A Tier 4 charity  is one which: has annual operating payments under $125,000 has no public accountability uses cash based Read more…

By NFP Editor, 6 months25 February 2022 ago
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