Sports Accounting has launched in New Zealand

Sports Accounting Australia has been supporting the sports industry for almost a decade across accounting & business process system implementations, accounting services, bookkeeping and financial analysis.

New Zealand has a similar sporting culture and our goal is to provide our services in New Zealand to enhance the governance and provide the capacity for the leaders of those organisations to prioritise their members and stakeholders rather than being tied up with administration.

Review our client testimonials that cover a broad range of sporting organisations from local club through to International Federation.

Accounting system implementations

Why not use Xero as your accounting package? It is simple, affordable and will provide all the functions that you need to run your business.

Budgeting & Forecasting

We will help you to establish a budgeting process for your business and ensure that it can adapt to your evolving needs.

Business & Process Improvement

Review your processes and improve efficiencies.

Finance & Accounting

Data entry of documents (income & expenses) into financial system. Ensure accuracy of data entry, correct classifications for taxation matters, and improve reporting quality by providing detailed analysis and variance commentary.
Complete review of data entry for compliance, reconciliations & provide any adjustments required to complete the requirements of your GST Return and PAYE with the IRD.
Process or validate your payroll. Assist with setting up new employees and administering the final pay for terminated employees. Complete a review of your payroll files for accuracy and compliance. Assist with the calculation of leave provisions to comply with your audit requirements and prevent any unexpected end of year adjustments.
Organisations change every day, and performance targets and measures in a budget often become outdated before the year even commences. By forecasting regularly you can re-define your targets and measures to be more relevant to current organisation conditions. Regular forecasting enables your organisation to get a handle on your performance before it is too late to make strategic changes.
Providing a monthly report pack, detailing your current month and year to date results against prior periods, budgets and forecasts. Balance sheet, cash & debtor/creditor positions included enabling informed action. Timely reporting is important to ensure the reports reviewed are current, and decisions can be made quickly to avoid or improve situations that actually arose. Reporting against variances is a great way to highlight your financial strengths and weaknesses.
Balance sheets are reviewed and validated each month, via supporting evidence to each balance sheet item, to ensure that no nasty surprises are found at year end. Incorrect balance sheet accounts can then be adjusted to ensure reporting is accurate. Reconciliations are a must for any audit, and provides comfort that business accounting is being adhered to correctly
Attend the meetings to offer quality advice to the financial results, and offer suggested improvements
Closing the books for the end of year, and satisfying the audit requirements. Collection of supporting documents, and liaising with auditors to complete adjustments to obtain an unqualified audit report

Business & Process Improvement

Xero is an accounting package for small businesses. It is already used by more than 250,000 people to manage finance, payroll, banking, invoicing, purchasing & accounts payable. Sports Accounting New Zealand is certified advisor and can implement Xero to help you manage your day-to-day finance.
Generally reporting alone on monthly cycle does not provide enough detail on why and how the organisation has ended up in certain situations. An analytic review of the results will provide further details, and solutions to problems can be developed to avoid future occurrence, and improve your organisations efficiency.
Detailed analysis of business case decisions. Detailing the benefits and effort required for major decisions, so business decision makers can make informed decisions in the right path for the business. This would typically be for major events, sales contracts or change in business structures / systems
Review current business process, and offer more efficient solutions for staff members to work within. Documenting process’s (work procedures) is very handy for the event of new staff changes, and ensuring all staff are following the most efficient business process. Business process improvement will lead to reduced errors & costs
Providing a "what if" analysis provides decision makers within the organisation the tools to make better informed decisions. Many decisions are made based on assumptions, and by reviewing minimum, maximum & expected results, the impact of not meeting certain KPI's on the financial outcomes will be better understood and potentially improve decisions made.
Prepare and execute committee and board presentations.