Accounting For National Disability Insurance Scheme (NDIS)
We are your Partner of Choice for Financial Solutions across Australia since 2006, delivering exceptional value and trust. NDIS-related services powers Plan Managers and Service Providers with scale, quality and precision.
Our efficient NDIS accounting specialists help free up your resources, enabling you to meet the growing compliance demands and financial reporting needs of your clients with ease and confidence. Since 2018, we have built deep expertise in NDIS services, working closely with NDIS providers, accountants, and bookkeepers to navigate this increasingly complex landscape.
Key Fact
By 2030, NDIS accounting firms are expected to manage over $10 billion in NDIS funds annually. With the number of NDIS participants projected to reach over 1 million, nearly 70% of accounting firms in the sector will likely specialize in NDIS-specific services, including compliance, auditing, and financial planning to navigate the growing regulatory and financial complexities.
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Strategies for Avoiding Common Accounting Errors
Accounting discrepancies are a prevalent challenge that can cause disruptions in any organization, regardless of its size. These errors can vary from simple data entry mistakes to more intricate issues such as the exclusion of essential information that may result in misleading financial decisions or potential fraud.
Read moreComprehensive Accounting Solutions For NDIS Providers, Accountants & Bookkeepers
- Monthly financial reporting
- Record keeping of income and expenses
- Bank reconciliation
- Accounts payable and accounts receivable
- Payroll processing
- NDIS compliance assistance
- Updates on NDIS price limit and support categories
- Internal audit and review
- Compliance monitoring and reporting
- Customize fund allocation strategy
- Track and report fund usage
- Optimize NDIS fund utilization
- Coordination with plan managers for effective fund utilization
- Development of customized budgets for clients
- Budget variance analysis
- Tools for real-time budget tracking
- Prepare and manage invoices
- Automate invoice process management
- Monitor outstanding invoices
- Integration with accounting software
- Report invoice trends and cash flow impact
- Claims preparation and submission
- Track claims status
- Claims documentation support
- Analysis of claims rejection and appeal
- Claims performance reporting
- Cash flow planning and forecasting
- Monitor cash flow
- Improve cash flow efficiency
- Tools for tracking inflow and outflow
- Fixed cost analysis
For NDIS Plan Managers
- We have an expertise and dedicated team to handle the invoice processing.
- Freshers: 60 – 80 invoices per day | Experiences: 140 – 150 invoices per day
*Note: The no of invoices may vary according to the need of the plan manager
- We have an expertise and dedicaed team to handle the new client setup.
- 25-30 cliental setup and renewals per day
*Note: The no of invoices may vary according to the need of the plan manager
- We have an expertise and dedicated team to handle the creation of service agreements.
- 40 - 60 service agreements per day
*Note: The no of invoices may vary according to the need of the plan manager
Platforms and Technology
