The majority of charities and not-for-profits use a standard reporting period of 1 July to 30 June, so as we are now in the last quarter of the 2014–15 financial year, now is a good time to remind charities about the importance of good record keeping. 

Not only will keeping good records help when it comes to completing the Annual Information Statement, but charities are required to keep both financial and operational records as a requirement of registration with the ACNC. Good record keeping is also an important part of running a successful organisation.

The ACNC provides detailed guidance about record keeping to help charities understand their obligations.