by Mick Devine | Last updated Jun 10, 2019 | Educational
Boards have a strategic role looking after the long-term interests of the organisation. It is vital that they have the right reports to support that role. In this article we’ll focus on the financial reports that can make a difference to Not-for-Profit board members....
by Mick Devine | Last updated Jul 3, 2022 | Budgeting, Cash Flow Forecasting, Educational, Reporting
The difference between a budget and a cash flow forecast can sometimes be confusing for newcomers to the world of accounting. They can seem to show similar information, yet both are very different and have different uses. Both are essential for the accurate financial...
by Mick Devine | Last updated Jun 15, 2022 | Educational
Most businesses, and not-for-profit organisations, use a bookkeeper as the first line of their finance team. Hiring a bookkeeper and putting the right person in this role is critical for the smooth running of the finance department and ultimately the success of the...
by Mick Devine | Last updated Jun 10, 2019 | Educational
Whether you are a large publicly listed company or a small Not-for-Profit organisation, the need for good governance practices is extremely important as the duties, responsibilities and also the liabilities are often similar. In addition, Not-for-Profit organisations...
by Mick Devine | Last updated Aug 28, 2024 | Cash Flow Forecasting, Educational
There are significant cash flow implications as you grow your business. Ideally, the growth of your business should have a positive impact. However, there is often a mismatch between when expenses are incurred and revenue earned. Or, between when suppliers need to be...
by Mick Devine | Last updated Jun 22, 2022 | Budgeting, Educational
Careful budget planning for Not-for-Profits is critical as it provides a guide to how you intend to use your organisation’s resources. Your budgets also provide you with a mechanism to monitor performance by identifying variations and then deciding what action needs...
by Calxa Team | Last updated Feb 11, 2019 | Educational
Need to increase your cashflow? Look inside your business first. When you run a small business, you need to know where your money is at all times, not least when times are tough and credit dries up. Here are eight simple lessons to increase cashflow in your business...
by Mick Devine | Last updated Jan 12, 2021 | Educational
The latest KPMG Fraud Barometer shows continuing high levels of accounting fraud affecting businesses across Australia. The most common victims of fraud in the survey were commercial businesses. Whilst the most likely perpetrators were employees or management...
