You can decide whether you want to pay an independent contractor or an employee if you are unsure.
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.
Religious and faith-based organizations need the expertise and guidance of an experienced Certified Public Accountant more than ever.
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:
Problem is, neither the pastor nor the volunteer might know how to create and maintain an accounting system. This can lead to ineffective bookkeeping systems for churches. You may not realize it until you have financial records that are difficult to understand or make financial decisions.
Churches call the traditional balance sheet a statement of financial position. It uses the accounting equation “Assets = Liabilities + Equity” to show a snapshot of your organization's financial health. It also shows the current balance of each of your funds if you've been implementing fund accounting for your church.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
Churches and religious nonprofits must maintain highly accurate accounting and bookkeeping records in order to maintain their nonprofit status, budget accurately, and provide reporting to government entities and their parishoners or members.