These responsibilities, however, vary from church to church depending on their job description or as guided by their bylaws.
We can hold regular meetings to discuss your reporting needs. Additionally, you can access your bookkeeping online any time you wish to pull reports or review the books.
FT Walton Church Bookkeeping LLC helps to reduce fraud and other financial risks that might impact your church. News stories are full of stories about misused funds from charities or other 501c3 entities. We will monitor your books closely to protect your organization.
....Another good reason to keep financial records is to make informed financial decisions. If you can pull up a report, you will be able see that your expenses are higher than they were in previous years.
Many of the same labor laws and employment rules apply to churches as to non-profit organizations. This includes guidelines on classifying your workers either as employees, or independent contractors.
While you concentrate on your community and building your organization, our team will work with you to simplify the accounting process and make sure that your financial records remain accurate and up-to-date.
However, these responsibilities can vary from one church to the next depending on what their job description is or how they are guided by their bylaws.
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.