LIANZA will be realigning our membership period to fit with our financial year, July 1-June 30. This is a common practice for membership organisations. We want to give you a heads-up on this in case you wonder why your invoice does not cover a full year after July 2023. Currently, LIANZA personal and institutional membership period runs for 12 months from the date the member joined, for instance August to August or December to December. This leads to complexities for our accountant and auditors when reconciling membership revenue for the financial year and membership revenue received in advance.
Our auditors have raised this issue for several years, and we are now beginning the process to realign memberships for the 2023-24 financial year.
From July 1, your personal or institutional membership invoice will be adjusted to cover the period from your membership renewal date up to June 30, 2024. By July 2024 all member invoices will fit into the July-June year.
EXAMPLES
If you have any questions about this process please contact the office by emailing [email protected].
Our auditors have raised this issue for several years, and we are now beginning the process to realign memberships for the 2023-24 financial year.
From July 1, your personal or institutional membership invoice will be adjusted to cover the period from your membership renewal date up to June 30, 2024. By July 2024 all member invoices will fit into the July-June year.
EXAMPLES
- If your renewal date is August, you will receive an invoice covering 11 months from August 2023 to June 30, 2024.
- If your renewal date is December, you will receive an invoice covering seven months from December 2023 to June 30, 2024.
- If your renewal date is March, you will receive an invoice covering four months from August 2023 to June 30, 2024.
If you have any questions about this process please contact the office by emailing [email protected].
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