Still, every church has to deal with finances. There are tithes and offerings coming in weekly. Meanwhile, there are bills to pay, needs to meet, and (often) salaries to be paid. It�s a lot to keep track of. Accounting church software programs can help you navigate this terrain, even if you�re not a whiz in Excel and don�t know a debit from a credit.
Sometimes congregations find themselves stuck with bookkeeping issues or need to outsource their bookkeeping. Atlanta Church Bookkeeping LLC offers bookkeeping services that are specifically tailored for churches.
The tip to avoid this church bookkeeping error is to thoroughly look at each individual you are paying for a service they do for the church and using the IRS guidelines (link in the Misclassification article) to determine if they should be classified as an employee with all proper payroll tax withholding and matching or could be classified as an independent contractor.
Our experts will ensure all information is accurate and up-to-date. Let us do the heavy lifting so you can get on with your mission.
Engaging a specialist to assist your church's bookkeeping is likely to be a significant investment, even if your member is a non-profit accountant or bookkeeper. This investment should be a priority. This investment can be a benefit to your church in three ways.
Maintaining a check register is not a reliable church bookkeeping system.
While you're focusing your efforts on growing your organization and getting to know your neighbors, we'll help make accounting simple and ensure that financial records are kept accurate and correct.
Here is a quick breakdown of some of the most common tasks you will need to accomplish when doing your church bookkeeping.
Enter Income And Expenses. ...
Track Contributions And Prepare Bank Deposits. ...
Pay Bills. ...
Journal Entries. ...
Complete A Bank Reconciliation.
Bookkeepers maintain the financial records of the church that includes income and expense records. They are supposed to keep records of the dates and amount of every transaction of the church.
All organizations should follow generally accepted accounting principles (GAAP), using an accrual basis to record income and expenses when they are earned and incurred. However, many churches use a cash basis—recording income and expenses when they are received and paid—or a combination of both approaches.