The most vulnerable area for churches is their internal controls. The safeguarding of your resources is increased by having someone outside the financial system reconcile your bank account, track your deposits, verify them, and verify your checks.
Sometimes, congregations need to outsource bookkeeping or get stuck in bookkeeping questions. Atlanta Church Bookkeeping LLC can help you save money and time with our bookkeeping services for churches.
Keep in mind that the cost of growing your church will increase. You will also need to pay an additional fee for most features other than basic church management and accounting. Atlanta Church Bookkeeping LLC can help you grow if that's what you want.
Our team of not-for profits tax advisers has many years experience working with churches, synagogues or other faith-based organizations in order to minimize their taxes, protect their tax exempt status, and help them avoid tax.
Our experts will ensure that all information is correct and complete. We will handle all the details so that you can concentrate on your mission.
Long time church bookkeepers were often confused with accountants. However, they are charged with very different duties. The financial records of the church are kept by bookkeepers, which includes income and expense records. They should keep track of every transaction and the date. They also have to keep records of every transaction and ensure that the accounting procedures are accurate. Accountants are able to perform all of the tasks of bookkeepers as well as provide consulting, auditing, financial planning, payroll processing, tax planning, and financial planning.
You can find duplicates, missing transactions and bank errors by reconciling your bank and credit card statements.
Churches call the traditional balance sheet a statement of financial position. It uses the accounting equation “Assets = Liabilities + Equity” to show a snapshot of your organization's financial health. It also shows the current balance of each of your funds if you've been implementing fund accounting for your church.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
Churches and religious nonprofits must maintain highly accurate accounting and bookkeeping records in order to maintain their nonprofit status, budget accurately, and provide reporting to government entities and their parishoners or members.