Purpose Accounting
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Purpose Accounting is an accounting and CFO advisory firm based in Chippendale, NSW. It works only with not-for-profits and charities, acting as an outsourced finance team for organisations of all sizes across Australia. Its best-known work is outsourced finance for not-for-profits.
Who they work with
Clients named on the site include LGBTIQ+ Health Australia, Western Sydney Migrant Resource Centre, YFoundations, One Education Foundation, BushMob Aboriginal Corporation, Women's Community Shelters and Amnesty International Australia. The firm says it has delivered more than 200 finance and tech transformation projects and guided more than 580 audits.
Services from Purpose Accounting
Tax
Business services
Purpose Accounting takes on the finance function of not-for-profit organisations. It offers CFO leadership, budgeting and forecasting, month and year-end accounts, financial reporting, acquittals, audit support and NFP compliance. Payroll and bookkeeping are part of the work, and one-off projects include reviewing payroll compliance and strengthening finance policies. Shorter advisory work covers finance coaching and mentoring for in-house finance managers. The firm uses Xero, Dext, Weel, Calxa with the Purpose Reporting Pack, and Employment Hero for payroll. Clients describe the team as switched-on, professional and supportive.
Tips for visiting Purpose Accounting
- ✓If your organisation is a business or an individual, this firm is not the right fit, since it takes only for-purpose clients.
- ✓Email info@purposeaccounting.com to start a conversation about your organisation's finances.
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FAQ about Purpose Accounting
Is Purpose Accounting a CPA Practice?
Yes, the firm describes itself as a CPA Practice. Its liability is limited by a scheme approved under Professional Standards Legislation.
Does Purpose Accounting work with small businesses?
No. The firm works exclusively with for-purpose organisations, including not-for-profits and charities.
Does Purpose Accounting cover all of Australia?
The firm says it works with organisations right across Australia, from remote areas to the major cities.