Some tricky maths…insights on a common budget building mistake

In our years working with clients to build budgets, we sometimes encounter a common error in the process, which leads to a shortfall in organisational overheads. Sharing our learnings below for those wading into these murky waters…! When we talk overheads we usually refer to these as a % of total income However, often when [...]

2023-04-18T04:22:05+00:00 January 14th, 2023|NFP sector, Purpose Accounting team|

Remote CFO: outback style

Our Senior Finance Associate Anna was delighted to visit Prue Ritchie and the team at Bourke & District Children’s Services. BDCS provides a valuable local childcare service to Bourke and surrounding areas, including long day care; after school care; pre-school and a mobile playgroup. Though we’ve worked with BDCS for 2.5 years, with the pandemic [...]

2023-04-18T04:07:34+00:00 October 4th, 2022|NFP sector, Purpose Accounting team|

Welcome to Rachel!

With our growing client workload, we have been really pleased to welcome our new part-time Assistant Accountant, Rachel Larner. Rachel has extensive experience in finance and administration roles, including 8 years working in the financial planning industry. Her introduction to the world of not-for-profits came through joining the committee of her children’s community pre-kinder in [...]

2022-10-04T02:36:48+00:00 July 4th, 2022|Purpose Accounting team|

Welcome to Mel!

We are so pleased to welcome our newest team member (and rising star in bookkeeping!), Melanie Simon. As a proud Biripi and Anaiwan woman, Mel has specialised in leading Aboriginal affairs and community development throughout her career. Her most recent position was in the Department of Communities and Justice, where she worked on the frontline [...]

2022-04-12T04:49:41+00:00 March 12th, 2022|Purpose Accounting team|

Our Nina is now a Fellow of CPA Australia!  

This month we celebrate Nina Trofimova's achievement in being recognised as a Fellow of CPA Australia (FCPA). Being awarded FCPA status means that Nina has been acknowledged as an expert in her field. To progress to this status, individuals must have at least 15 years’ experience in accounting, finance or business, including five years in an [...]

2021-07-22T04:16:08+00:00 February 20th, 2021|Purpose Accounting team|

Receipt Bank awards nomination for our Ricardo!

We are excited to announce that our tech innovation wizard Ricardo has been nominated for Receipt Bank’s ‘Most Efficient Accountant’ Award. The Awards night will be held on 6 November, celebrating Accountants and Bookkeepers that are paving the way for the industry through the use of the innovative accounts payable software. Purpose has helped many clients [...]

2020-10-29T12:07:02+00:00 August 14th, 2020|NFP sector, Purpose Accounting team, Technology|

Huge additional JobKeeper concession announced for charities

Based on the Treasurer’s announcement over the weekend, charities now have the option of excluding Government income from their JobKeeper turnover test (i.e. in proving a 15% decline). That means the turnover reduction can be limited to the comparison of non-Government income sources, such as donations and fee for service. See the media release here. We can see [...]

2020-04-28T22:36:52+00:00 April 28th, 2020|NFP sector, Purpose Accounting team|

Employees of non-profit orgs to benefit from new Covid-19 wage subsidy

Yesterday the Government announced a further stimulus package to keep businesses and employees afloat during the ongoing Covid-19 challenge. The central feature of the package is a wage subsidy of up to $1,500 per employee, per fortnight. The good news is that this will apply to the non-profit sector. Unlike previous stimulus measures however, the wage [...]

2020-04-02T01:00:25+00:00 March 31st, 2020|NFP sector, Purpose Accounting team|

Stage 2 Government economic stimulus – NFPs to receive cash payments up to $100,000

The Government recently announced a second-stage economic stimulus package to support NFPs, businesses and individuals in the face of the Coronavirus pandemic. The good news is that under these measures, for-purpose organisations that employ people will receive an untied cash payment of up to $100,000. That is up to $50,000 in this financial year, and $50,000 next [...]

2020-04-02T00:52:39+00:00 March 25th, 2020|NFP sector, Purpose Accounting team|