We provide our clients with a comprehensive understanding of the unique challenges religious organizations face today. We devote many hours each year to staying abreast with the current regulations and tax laws that will affect our clients (churches, synagogues mosques or church schools, churches daycares and any other religious-based organizations).
Churches can and do get slapped with devastating penalties for classifying and paying a worker with a 1099 ...that the IRS deems should have been classified as an employee.
Internal controls are a key area where churches are at risk. Having someone outside of the financial system reconciling your bank accounts, tracking, and verifying your deposits and checks means there is a second set of eyes going over all of your systems, increasing the safeguarding of your congregation�s resources.
You might need more functionality than QuickBooks Premier Plus provides as your church grows. Your church's growing needs will include the ability to manage volunteers, events, allow online giving and run email campaigns.
....Another reason to keep books is to make financial decisions. It is important to be able pull up a report to see if you are spending more than in previous years.
Many churches and charities are struggling to get by on limited funds. Nonprofits will save valuable time, stress, resources, and money by outsourcing their financial operations. Spending time on finances as the head of your non-profit is time that could have been spent helping others, growing your donor base and expanding your organization.
There is another reason to keep track . It helps you make better financial decisions. You should be able to look at a report and see how you spend more on expenses than you did in prior years.
Working in church accounting, you share the same responsibilities as an accountant in any other organization. You record expenses, track contributions made by the congregation, and monitor spending on various programs. Your duties center around bookkeeping, documenting and controlling finances for a church.
81% of church revenue came from individual donations. 34% of congregations have endowments, which constituted on average 4% of their revenue. Only 2% of churches received revenue from government grants; 12% received finance from non-government grants.
Common Church Budget Categories
Personnel (salaries, benefits, etc.)
Administration (operating expenses)
Facilities and Equipment (utilities, insurance on property, maintenance)
Outreach (missions, evangelism, social events, etc.)