Not for Profit Accounting Specialists Who Understand The Needs of NFP Organisations
Your organisation needs reliable accounts and a clear view of its finances to deliver its services and meet its responsibilities. Managing reporting deadlines, funding pressures and oversight by your board can place significant demands on your team.
MGI South Queensland provides not for profit accounting services for charities, associations and community organisations. We help you prepare financial reports, understand the requirements that apply to your organisation and use your financial information to plan ahead.
Whether you need annual reporting support or ongoing accounting advice, we can help you identify the right level of assistance.
Helping You Understand NFP Financial and Reporting Requirements
Our Gold Coast and Brisbane auditors and accountants have been supporting not for profit organisations just like yours for almost 100 years. We understand that it’s not just about the ‘tin shaking’ fundraising in the current competitive NFP climate. Not for profit and charitable organisations have a unique set of reporting requirements placed upon them including preparing financial statements that comply with Australian Accounting Standards. The team at MGI are perfectly placed to help you navigate the challenges.
Experience Across the Not For Profit Sector
We work with over 100 charities each year at MGI South Qld to ensure we get a broad perspective on charitable and not for profit causes. This enables us to have a broad network and build our expertise , experience and knowledge to service NFP clients effectively.
Find out why we are the accountants not for profit organisations rely on to navigate the challenges of running a charity.
Experts in Audits and Accounting For Not For Profit Organisations
Whether you need help with preparing your monthly or annual financial reports or you’re required to get an audit of your not for profit organisation completed, the not for profit accounting specialists and audit experts at MGI South Queensland are here to help.
We work with not-for-profits and charities in sectors such as:
- Health
- Aged Care
- Religious Organisations
- Surf Life Saving Clubs
- Education, Training and Apprenticeships
- Social Welfare
- Non-Government Organisations
- Professional Associations
How Our NFP Accountants Can Help
Get support preparing financial statements and identifying the reporting requirements that apply to your organisation. We help you understand the information needed for your annual reporting and keep preparation focused on the relevant requirements.
Give your board and management team a clearer view of financial performance. Our monthly reporting support helps you understand results, monitor spending and identify issues that need attention before the end of the financial year.
Budgeting and Cash Flow Forecasting
Plan for operating costs, changing income and future commitments. We help develop budgets and cash flow forecasts so your team can assess financial capacity, consider different scenarios and make informed decisions about the activities it can fund.
NFP Tax and Compliance Guidance
Understand the tax obligations and concessions relevant to your organisation. We provide guidance on matters such as GST, fringe benefits tax and income tax, taking account of your structure, activities and eligibility for applicable exemptions.
Strengthen the way your organisation oversees its finances. We can help review financial controls, identify areas of risk and support governance practices that improve accountability and oversight by your board or management committee. Explore our Governance, Risk and Compliance services in more detail.
Not For Profit Accounting FAQs
Not for profit accountants help organisations prepare financial statements, understand their tax and reporting obligations, develop budgets and interpret financial results. At MGI South Queensland, we also provide support with management reporting, cash flow forecasting, governance and financial controls.
The requirements depend on your organisation’s legal structure, charity registration, size and any applicable exemptions. Registered charities may have reporting obligations to the Australian Charities and Not-for-profits Commission, while incorporated associations may have obligations under state legislation. Funding agreements and governing documents can also set requirements. We can help you identify what applies to your organisation.
Yes. Bookkeeping and accounting support can serve different needs. Your bookkeeper may manage transactions and payroll, while our team helps with financial statements, management reporting, budgets and advice. We can discuss how our services fit with your existing arrangements.
No. Audit or review requirements depend on factors such as your organisation’s structure, size, registration and governing documents. Funding agreements can also require an audit or review. Visit our not for profit audit services page or contact our team to discuss your organisation’s requirements.
No. Our team supports charities and not-for-profit organisations across the Gold Coast, Sunshine Coast, Ipswich, Toowoomba and the Darling Downs, and Wide Bay and Burnett, as well as Brisbane. Contact us to discuss support for your organisation.
Not For Profit Bookkeeping Support
Our referral partners, Numera Bookkeeping also have significant expertise in the not for profit space and would be happy to assist you with your bookkeeping, payroll processing or accounting software management.
Find out why we are the not for profit audit and accounting specialists NFPs in Brisbane and on the Gold Coast turn to for support.Â
