We believe that listening is the key to building a client relationship based on trust and respect. We aim to help you build your faith organization and be more successful by offering financial guidance, leadership and advice.
We are aware. You didn't go into ministry to become an accountant. You were called to be a leader in your church and make disciples.
Your church's leaders and administrative staff will be free to concentrate on the church’s mission instead of its bookkeeping.
FT Walton Church Bookkeeping LLC will help to protect your church and prevent fraud. Many stories have been reported about misappropriation of funds from charities and other non-501c3 groups. To protect your organization, we'll keep an eye on it.
A church's financial health depends on its ability to accurately and expertly use their resources. A bookkeeper who is qualified and skilled means that they are experts in the correct way to enter data, comply with federal and local regulations, and can ensure accurate reporting.
This will prevent you from making an error in your church bookkeeping. Make sure to carefully review every individual paying for a particular service. Use the IRS guidelines (link at the Misclassification article), to determine whether or not they should be classified with the proper payroll tax and matching.
You will be able to reassure your congregants their tithes and donations are being used as intended. When congregants know their donations are used wisely, they are more likely to continue to donate.
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.”
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.
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.)
In a non-profit organization, such as a church, the board is the bearer of this fiduciary responsibility and therefore should properly oversee all operations, including finances, to protect the members of the church.