Atlanta Church Bookkeeping LLC makes everything super easy. Our general ledger is well-structured and requires no accounting degree.
In order to be able to manage the finances of a church, the bookkeeper may also need to act as an accountant or treasurer. They are responsible for all financial aspects of the church. These are their responsibilities, but not only.
Your church will be able to manage the accounting tasks associated with programs like preschools and fundraising, ensuring these programs � and your ministry, are a success.
One thing to be aware of: As your church grows, so does the cost. In addition, most of the features beyond basic church management and accounting come with an extra price tag. But if you�re looking to grow, Atlanta Church Bookkeeping LLC will grow with you.
Atlanta Church Bookkeeping LLC offers a valuable service for churches with many volunteers and staff. One of its main advantages is the ability of having many users in various roles. Atlanta Church Bookkeeping LLC makes it possible for your church to have multiple users in different roles.
To avoid making a mistake in church bookkeeping, you should carefully examine each person who is being paid for a service. The IRS guidelines (link to the Misclassification article), will help you determine whether they should be classified either as an employee with proper payroll tax withholding and matching, or as an independent contractor.
Yet, every church must handle finances. There are weekly tithes or offerings. There are also bills to pay, financial obligations to meet, and salaries to be made. It's difficult to keep track. Even if Excel isn't your thing and you don�t know what a debit is, accounting software programs for churches can help.
Here is a quick breakdown of some of the most common tasks you will need to accomplish when doing your church bookkeeping.
Enter Income And Expenses. ...
Track Contributions And Prepare Bank Deposits. ...
Pay Bills. ...
Journal Entries. ...
Complete A Bank Reconciliation.
Bookkeepers maintain the financial records of the church that includes income and expense records. They are supposed to keep records of the dates and amount of every transaction of the church.
All organizations should follow generally accepted accounting principles (GAAP), using an accrual basis to record income and expenses when they are earned and incurred. However, many churches use a cash basis—recording income and expenses when they are received and paid—or a combination of both approaches.