A simple manual on accounts and tax, especially for non-accountants
by N E Renton AM (Federation Press, 2005)
Non-profit organisations in Australia cover a vast field, ranging from sporting bodies to social clubs, from small hobby groups to major charities and from trade unions to religious organisations.
Some bodies have large membership numbers and incomes and substantial accumulated wealth, but most do not. They thus cannot afford to engage full-time qualified employees to keep their books and to handle their finances. Instead, they rely on enthusiastic amateurs to volunteer their services.
It is for such persons that this book has been developed. It has been written in plain English and it has deliberately kept technical jargon to a minimum. The book assumes that its readers have no formal knowledge of accountancy or taxation.
In stages it discusses accounting needs, both during the year and for the annual report. One chapter deals with the use of computers and the Internet. Other important topics covered include management aspects, membership records, donations, income tax and the goods and services tax.
The financial responsibilities not only of honorary treasurers but also of the committees to whom they report are analysed. Specimen financial statements with worked examples and a detailed glossary supplement the main text.
The book includes a Foreword by Rhonda Galbally.
156 pages 9781862875609 RRP $A34.95
Chapter 01 INTRODUCTION
Chapter 02 ACCOUNTS DURING EACH YEAR
Chapter 03 END-OF-YEAR ACCOUNTS
Chapter 04 OTHER FINANCIAL ASPECTS
Chapter 05 MANAGEMENT ASPECTS
Chapter 06 MEMBERSHIP ASPECTS
Chapter 07 INCOME TAX
Chapter 08 GOODS AND SERVICES TAX
Chapter 09 MISCELLANEOUS
Chapter 10 COMPUTERS AND THE INTERNET
Appendix A SPECIMEN CASH BOOK PAGE
Appendix B SPECIMEN PERIODICAL REPORT
Appendix C SPECIMEN STATEMENT OF FINANCIAL PERFORMANCE
Appendix D SPECIMEN STATEMENT OF FINANCIAL POSITION
Appendix E SPECIMEN MEMBERSHIP APPLICATION/RENEWAL FORM
Appendix F USEFUL INTERNET LINKS
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