NFP audit and accounting
Not-for-Profits need to prove financial accountability to meet transparency expectations. Without structures in place to demonstrate reliable accounting practices, charity organisations will not get the community support they need to succeed. Juggling these requirements can be challenging. But peace of mind is achievable with the help of Pitcher Partners Newcastle and Hunter.
A deeper understanding of your business
NFPs must manage their accounts accurately and report end of year financial information to the Australian Charities and Not-for-Profit Commission (ACNC).
Going beyond these formal standards, organisations have further responsibilities to the community. Not-for-Profits need to prove financial accountability to meet transparency expectations. Without structures in place to demonstrate reliable accounting practices, charity organisations will not get the community support they need to succeed. Juggling these requirements can be challenging.
Not-for-Profit and specialist club accountants should manage your organisation’s accounting practices as they would any other enterprise’s to ensure the highest standards are met. This insight starts with addressing common reporting mistakes made by NFPs like:
- Miscalculating key figures in the annual information statement.
- Incorrectly reporting unrelated financial information about the charity.
- Failing to reference key legislation such as the ACNC Act and other mandatory accounting standards in financial reports.
Medium-to-large sized Not-for-Profits are required to submit financial reports that have been reviewed or audited by a registered professional. But auditing your organisation’s financials shouldn’t just be seen as a tick-box exercise – expert analysis assures that your NFP is compliant with ACNC requirements.
Key services for NFPs
The best for you and your business
Why partner with us?
We work with medium-to-large charity organisations to remove the stress from meeting ACNC governance requirements and community expectations. We go beyond meeting basic standards to drive growth in operational systems and processes.
To be mentally at peace about the future of your NFP is hard to achieve without dedicated insight. Our accounting and auditing team is composed of senior partners, experienced accountants and auditors in the Not-for-Profit industry, meaning we have the knowledge base to address any concern.
A Partner for Success
We don’t consider ourselves consultants – we believe in year-round engagement with your organisation to help with anything required. Our team are advisers, sounding boards and offer guidance in helping you get the best out of your NFP, encouraging your operations to wholeheartedly reflect your community goals. The Not-for-Profit sector can be challenging. But with Pitcher Partners as your partner you can begin your path to success, safe in the knowledge that your organisation’s finances are in good hands.
Pitcher Partners’ accounting team helps you with all of your reporting requirements including regular management of financial information and maintaining tax records. But we go beyond these basic tasks to recommended key changes to your Not-For-Profit that could lead to real improvements, now and into the future. Specialist interpretation of your business’ crucial accounting data helps to tell a story about how you stand and the possibilities ahead with strategic guidance and savvy financial decisions.
A Pitcher Partners Newcastle and Hunter, audit goes beyond the scope of a simple report review, giving organisations the chance to turn key insights into strategies for driving improvement across all areas of operation.
Our auditing team thoroughly reviews your reports for financial accuracy and ACNC compliance regulations relevant to your budget and income. We then prepare a report to the Board with our findings, analysis and recommendations.
Schedule a free consultation
We are one of the leading accounting firms in Newcastle. Schedule a consultation to see how we can help you and/or your business.
Partner with a firm that takes the time to understand your needs, with personalised service and advice to help you achieve your goals.
“The big picture is that Not-for-Profits bring benefits to whole communities. But that can’t happen unless they’re compliant and operate a viable financial model. That’s where we can help.”
– Shaun Mahony, Partner at Pitcher Partners Newcastle and Hunter