Your church will be equipped to handle the accounting duties associated with programs such preschools or fundraising. This will make sure these programs and your ministry are a success.
Why outsource? For smaller and medium-sized churches, outsourcing can help increase expertise and accuracy, lower bookkeeping expenses, and give them an extra link in their internal controls. Let's examine each of these individually:
In the case of a church, a bookkeeper could be required to also wear the shoes of an accountant and treasurer. They are therefore in charge of all financial aspects of the church. Their responsibilities include but are not limited to;
However, these responsibilities can vary from one church to the next depending on what their job description is or how they are guided by their bylaws.
Congregants will feel more secure knowing that their donations and tithes are being used in the right way. Congregants will be more inclined to give if they know that their donations have been used well.
There are no two churches the same. Each church's needs are different due to their size, staffing capabilities, volunteers available, and resources. Atlanta Church Bookkeeping LLC has many options available to assist churches in managing their finances, as well as helping them to maintain and improve the one they already have. These are the four options available. Contact us to request one that is customized for your congregation
Our tax consultants are not-for-profit and have extensive experience in working with churches, synagogues, and other faith-based groups to reduce their taxes and maintain their tax exempt status.
Diocesan Canons state that treasurers and other officers of a church parish, mission or other institution be “bonded” according to Episcopal Church Canons. Episcopal Church Canons require that treasurers be “adequately bonded.”
seven years
Financial Records are traditionally kept for seven years. This relates to the laws of tax audits and the number of years back the IRS is allowed to look when determining an organization's tax liability.
The IRS may begin a church tax inquiry only if an appropriate high-level Treasury official reasonably believes, based on a written statement of the facts and circumstances, that the organization: (a) may not qualify for the exemption; or (b) may not be paying tax on unrelated business or other taxable activity.