Financial Reporting

As the Financial reporting Bill is set for its third and final reading in September or October 2013, I am not going to make too many posts about this topic until the Bill is passed into law but I am pleased to tell you that the cut off for Tier 4, which is cash accounting to a set and prescribed format, has been increased from $40,000 to $125,000 which will mean more registered charities are able to use cash accounting.