This will prevent you from making an error in your church bookkeeping. Make sure to carefully review every individual paying for a particular service. Use the IRS guidelines (link at the Misclassification article), to determine whether or not they should be classified with the proper payroll tax and matching.
If you're unsure whether to label a worker an employee or an independent contractor, then go ahead and assign and pay your worker an employee classification!
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Establish a church accounting system that not just tracks expenses and income but also tracks your assets, liabilities and assets.
Security Procedures. As the Bookkeeper, my duties include entering the accounting data and writing checks. Also, I reconcile the monthly bank statements of a new church thrift shop that is still in its infancy. ...
A church bookkeeping system should be set up that tracks income and expenses as well as assets and liabilities.
Atlanta Church Bookkeeping LLC makes it super simple to get up and running. Our general ledger is perfectly structured and you don't need an accounting to degree to understand.
The biblical pattern shows without question that the pastor should be involved in the oversight of the church's finances, however, Scripture also prescribes the attitude and actions of the pastor to avoid disqualification of influence and trust.
In a non-profit organization, such as a church, the board is the bearer of this fiduciary responsibility and therefore should properly oversee all operations, including finances, to protect the members of the church.
How To Manage Church Records
Identify The Church Records That You're Going To Manage. Based on your local state laws you will need to figure out what records are imperative to keep. ...
Implement A Retention Schedule. ...
Establish Retention And Destruction Policies.