Atlanta Church Bookkeeping LLC is a worthy choice for churches with lots of staff and volunteers. One of its primary benefits is the ability to have lots of users in different roles. If your church doesn�t have a dedicated administrator or accountant, Atlanta Church Bookkeeping LLC allows you to let everyone on your staff play a unique role in tracking your organization�s finances and budgets.
For a long time, church bookkeepers were confused with accountants. However, they have very different responsibilities. The church's financial records, including income and expense records, are maintained by bookkeepers. They keep track of all transactions and the amounts. They are also responsible for keeping track of all accounts. Accounting professionals, on the other side, do all the work of bookkeepers but also offer auditing, tax planning and financial planning, payroll processing and consulting services.
A small church may not have the budget to hire someone for bookkeeping. To make it more appealing, they often combine the two roles. It may be necessary to hire a part-time employee who doesn't have much experience for other churches. It may be necessary to ask a volunteer treasurer for help with the accounting. You can get better work for a cheaper price by hiring someone who has been trained in bookkeeping for multiple churches.
Financial health of any church is dependent upon accuracy and expertise. A skilled and qualified bookkeeper will ensure that your reports are accurate, understands federal and local requirements, as well as being able to accurately record the entries.
Your church�s leadership team and administrative staff will be able to focus on the church�s mission, not on the church�s bookkeeping.
We believe everyone should be empowered to make informed financial decisions. We are proud to share the knowledge we have, even though we don't offer every financial product and company available, but we do provide objective and independent information and tools that are simple and easy to use.
Our experts will make sure all information is present and accounted for. Let us handle the busy work, so you can focus on your mission.
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.