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5 reasons why non-profits should embrace accounting software

Reckon

Non-profits are one of the few types of organisations that seem to eschew the use of proper accounting software to manage their books! As NFPs are often volunteer-based, and government or member-funded, they can be extremely prudent with money. Much of this accountability centres on ATO compliance.

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Master the art of timekeeping for government contracting compliance

Accounting Today

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

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Common Accounting Mistakes: Government Edition - Issue #4 Documentation to Prove It!

SMBAccountant

When a small business enters the world of government contracting, the risk associated with maintaining supporting documentation increases significantly. In addition, government contracts will not reimburse alcohol, so the itemized receipt is needed to show what was bought and alcohol must be recorded separately.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process.

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We’re introducing eInvoicing to Xero in the UK

Xero

Many governments around the world are introducing eInvoicing as a way to drive digitisation of the small business economy, with some regions even mandating its use. While it’s still early days in the UK, we expect that eInvoicing will eventually become a global best practice standard and a natural part of the cloud accounting process.

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How to Stay on Top of Your Tax Obligations

Ronika Khanna CPA,CA

Open Mail That You Receive from CRA or RQ If you get mail from the government, OPEN IT! Call CRA or RQ If You Don’t Understand the Communication Don’t hesitate to call the government if you do not understand something. In that case, you should seek the assistance of any accountant. Ignorance is not an excuse.

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