Clubs and Non-Profits: Keeping the Books - A Simple Manual on Accounts and Tax

Front Cover
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.
 

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Contents

Introduction
1
Accounts during each year
12
Endofyear accounts
20
Other financial aspects
30
Management aspects
39
Membership aspects
52
Income tax
60
Goods and Services Tax
81
Miscellaneous
90
Computers and the Internet
100
Appendices
107
Postscript
115
Glossary
119
Index
135
Copyright

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