Unity Accounting Articles

What’s in an NFP statement? How to understand these crucial financial reports

Financial transparency in NFP organisations is crucial for accountability and stakeholder trust. NFP statements are a highly effective way to encourage that transparency, but understanding them might be difficult if you don’t have a finance or accounting background.

How will the role of an accountant evolve in the future?

Discover how the role of an accountant will evolve in the future. With advancements in technology like automation and AI, accountants will need to adapt to changing skill sets and embrace new tools and software. Read on to find out more!

The difference between profit & NFP accounting

Profit and not-for-profit organisations in Australia have different accounting requirements and financial reporting obligations. It’s important to know what is the difference between profit and not-for-profit accounting.

A spotlight on Aboriginal Land Councils

We shine a spotlight on the Aboriginal Land Councils of New South Wales and highlight the need for accounting expertise when dealing with LALCs (Local Aboriginal Land Councils).

Not-for-profit explained

Not-for-profit or NFP organisations are committed to providing services to communities and not to making a profit. We explain the not-for-profit sector, how NFP organisations are governed by the ACNC and not-for-profit grants and funding in NFP accounting.

Five reasons why to outsource your accounting service

Australians are under the price increase and cost-of-living gavel. Cost-saving considerations need to become a priority, especially in business, to keep operations afloat, which is why we’re offering you five reasons you should consider outsourcing your accounting service.

Considerations to make when conducting your small business annual accounting software review

As the EOFY tax season frenzy dies down, Unity Accounting suggests that it may be time to conduct your annual accounting software review to help streamline and optimise for the next financial year.

A guide to streamlining small business operations to optimise efficiencies and maximise return on effort

To streamline small business operations, you need to consider the tasks required to keep the business functioning yet optimise efficiencies and maximise return of effort.

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Unity Accounting Articles