For a church to be financially healthy, accuracy and expertise are essential. A qualified and trained bookkeeper is an expert who understands the best way to enter, complies with federal and local requirements, and makes sure your reporting is accurate.
FT Walton Church Bookkeeping LLC is proud to offer the best in affordable nonprofit and church accounting in Atlanta and throughout the state of Georgia. We understand that nonprofits are an integral part of the community. They play an essential role in building strong communities. Our team helps them thrive, grow, and succeed. Outsourcing your church or nonprofits accounting offers endless benefits. Please contact us and tell us on we can assist your church or nonprofit. We are always here to help.
You will discover errors like duplicates or missing transactions, bank errors on rare occasions and amount discrepancies by reconciling your accounts with your bank, credit card, and bank statements.
....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.
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.
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.
Many churches and nonprofits are struggling to make ends meet with their limited resources. Nonprofits can save significant time, stress, money, and valuable resources by outsourcing their financial management. Time spent on books can be time well spent by you, the leader of your nonprofit.
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.
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.