Understanding the current state of your business is incredibly important to meet the high level of regulation and compliance requirements, and strict reporting standards that are constantly changing. Our team of Accountants, in recognising the complex nature of this space, provide engaging and easy-to-understand reports that offer insights to help you make informed decisions.

Key reports include:

• Annual reporting, including drafting all working papers for External Auditors
• Preparing Acquittals for Grant Funders
• Three-way Budgeting, Forecasting, and Business Planning
• BAS and IAS
• FBT Reporting, and preparing FBT Returns
• Financial Reports Board Papers
• Program-specific Reporting

Acknowledging that funding is integral to the Not-for-Profit space, our team will support you in managing all funding sources; particularly for grants and donations received. Key functions of our services include managing grant funding, ensuring that it is correctly reported and allocated to grant-approved expenses; assisting with grant modelling and applications; drafting acquittals; receipting tax-deductible donations; and other funding-specific tasks.

Specific to The Breakthrough Office, we allocate income and expenses to the relevant grant/program on a real-time basis; ensuring that we fully capture and record all relevant transactions, and allowing you to have up-to-date data on the available funding.

As part of our service offering, and in recognising limited-funding available in this space, we provide a suite of software solutions to both streamline and automate accounting tasks and functions. Our software suite includes: expense management, e-logbooks, virtual cards, and other cloud-based software.

The Breakthrough Office provides a CFO-offering, led by our experienced, Qualified Accountants (CPA/CA). Our CFO services guide with data, driving important strategic decisions, identifying and managing risk, and automating tasks to assist you with scaling.

In recognising the importance of financial literacy to drive strategic decision making, the CFO package also includes training and educating key stakeholders on financial reporting. In doing so, our financial reporting is also customisable to your organisation’s needs and KPIs.
Our Qualified Accountants are available and experienced in attending Financial Committee Meetings, Board Meetings, and Annual General Meetings.

Noting the interconnectivity of the finance and governance areas of an organization, insurance registers are created and maintained by our team; ensuring that your insurance policies remain up to date. Our team also assists in contacting Not-for-Profit insurance brokers to facilitate quotations and reviews of insurance policies.

The Breakthrough Office’s team are able to assist with a variety of governance projects, including:

• ACNC or DGR Registration
• Obtaining Fundraising Licenses
• Changing Financial Year End dates
• Constitution Reviews
• Changing Company Structure or Organisation Details

Our Governance team are passionate about relieving the administrative burden of these projects, while also ensuring that you have informed control over the project. Our team will work alongside you and your Board to streamline applications and registrations.

As part of our service offering, we have partnered with a Board Governance software which allows for meeting schedules, minutes, actions, and interests to be centralised in one place so that they can be accessed at any time by yourself, the Board, and auditors.

In recognising the complex and convoluted nature of Employment Law, our team have worked alongside Employment Lawyers to develop template policies and procedures. These documents are updated on an ongoing basis to reflect the changing nature of this area of law.

All clients also have access to a Compliance Audit, which comprehensively reviews existing policies and procedures against current legislation and Fair Work Guidance.

Our HR team further relieves administrative burden by facilitating the e-signing of policies by staff, and stores digital signatures to allow for reporting where required.

Identifying the limited funding available to Not-for-Profits to provide HR support, led to the engagement of HR Partners that provides assistance and advice in dealing with HR matters. Our HR Partners provide guidance on all HR-related queries in a timely and detailed manner; allowing you to effectively and compliantly address any HR-related matters.

Our HR package extends to reporting on key metrics and KPIs, as established by your management teams’ requirements. The HR software package allows for the streamlining of data collecting and reporting, enabling you to access this data on a real-time basis. Key metrics are also captured in our Board Reporting, enabling full oversight to facilitate informed discussions and decision making.

Our payroll team are experienced in ensuring compliance with all Awards. In recognising the unique-nature of each Award, our team provides guidance to your organisation so you are aware of key rules and compliance requirements.

Our suite of services include the facilitating of salary sacrifice arrangements, which are compliant with the ATO requirements. Our payroll team works alongside our accounting team to provide ongoing reporting on the FBT impacts of Salary Sacrifice, as well as ensuring all individuals are receiving their applicable Salary Sacrifice benefits.

The Breakthrough Office oversees compliance and payroll-related projects for our clients, including the rollout of STP reporting. In fulfilling ongoing reporting requirements, we ensure our systems remain up to date and reflective of current regulatory requirements and guidelines.