Time
FT Walton Church Bookkeeping LLC is the most trusted provider of church payroll since almost 40 years. BBB gives us an A+ rating, and we have a remarkable 4.9 customer service rating.
Trust and respect are the cornerstones of a good client relationship. We believe listening is essential. Our mission is to help you grow and succeed in your religious organization by providing financial guidance and financial leadership.
Church bookkeepers have for a long time been confused with accountants. They, however, carry very different responsibilities. 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. It is also their task to keep track of all accounts and are the ones who verify the accuracy of the procedures used in the accounting processes. Accountants, on the other hand, perform all the tasks of bookkeepers and also provide auditing, tax planning, financial planning, payroll processing, and consulting services.
FT Walton Church Bookkeeping LLC is the most trusted provider of church payroll since almost 40 years. BBB gives us an A+ rating, and we have a remarkable 4.9 customer service rating.
Create a church bookkeeping program that not only tracks expenses or income but also tracks assets and liabilities.
Events Income is not yet rated. We are working to ensure that our chart of accounts is correctly categorized. We also include our offerings and tithes, which we have classified as non-profit income.
No two churches are the same. The needs of each church vary due to size, availability of volunteers, resources, and staffing abilities. FT Walton Church Bookkeeping LLC offers several options to help churches with exactly what they need from managing their financial system to coming alongside and helping the one that is in place. Here are four service options. You can contact us to have one customized for your congregation:
FT Walton Church Bookkeeping LLC makes it easy to get started. You don't have to be an accountant to use our general ledger.
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.