FM services – FM Direct

The small organisation’s answer to having your own accountant off-site

Matrix on Board developed FM Direct with smaller non-profit organisations and social enterprises in mind. Matrix on Board acts as your organisation’s own accountant, ensuring accounts are complete and accurate, managing payroll and providing management and year-end reports.

FM Direct offers maximum results to organisations with minimal work from you. With FM Direct, Matrix takes care of your transactional processing, payroll, reconciliations, reporting and year-end reviews.

Transactional processing

• Accounts payable – supplier invoices
• Accounts payable – process EFT payments
• Accounts receivable
• Reconciliation of online donations/receipts

Payroll

• Process payroll and EFT payments to staff
• Maintain employee entitlements
• Process salary sacrifice deductions
• Ensure FBT compliance and prepare annual return
• Prepare, lodge and distribute annual payment summaries

Reconciliations (monthly or quarterly)

• Bank reconciliations
• GL and balance sheet reconciliation
• Maintain fixed asset register
• Reconciliation and payment of super
• Reconciliation and lodgement of IAS
• Reconciliation and lodgement of BAS

Reporting

• Preparation of management reports

Year‐end reviews

• Preparation of funding acquittals
• Year‐end accruals and adjustment
• Liaison with auditor
• Preparation of statutory accounts
• Finalise accounts to trial balance