Clubs and Non-Profits: Keeping the Books - A Simple Manual on Accounts and Tax
Federation Press, 2005 - Associations, institutions, etc - 136 pages
Clubs and Non-Profits: Keeping the Books has been written for the honorary treasurers and governing committees that are the backbone of Australian non-profit organisations such as sporting bodies, social clubs, hobby-based groups and charities. Author Nick Renton AM analyses the financial responsibilities of honorary treasurers and governing committees and sets out their accounting needs, both during the year and for the annual report. It covers all essential aspects of keeping accounts, financial reporting, taxation and relevant management and membership issues. Important topics covered include: · Organisation structure, financial accountability, granting and revoking spending authorities · Bookkeeping, budgets and financial statements · Income Tax, GST and capital gain tax considerations · Membership records, privacy and renewals · Fundraising and donations · Insurance and employment issues · Use of spreadsheets, computers and the Internet. Specimen financial statements with worked examples and a detailed glossary supplement the main text, which has been written in plain English with technical jargon kept to a minimum. No formal knowledge of accountancy or taxation is assumed.
What people are saying - Write a review
We haven't found any reviews in the usual places.
amount and/or annual report apply appropriate aspects assessable income Assessment Act 1997 audit auditor Australian Business Number Australian Taxation Office authorised balance date balance sheet bodies corporate budget Business Activity Statements Business Number ABN capital gains tax capital losses cash book charities cheques clause could read clubs committee companies constitution Corporations Act 2001 cost deductible gift recipient depreciation desired dividend imputation donations donors e-mail endorsement entity entries example expenditure statement franked dividends funds Income Tax Assessment income tax purposes input tax credits interest Internet Internet Service Provider investments issued liabilities Nick Renton non-profit bodies non-profit organisations normally office-bearers ordinary activities organisation's outgoing paid payments person receipts regard registered relating relevant resolution services tax specific statement of financial strata title subscriptions Tax Assessment Act tax deductible tax invoice tax returns taxpayers term transaction treasurer trust