Front Desk
While you can focus on the community and growing your business, we will help with accounting functions. We'll make it easy for you to keep your financial records accurate and current.
Congregants will feel more secure knowing that their donations and tithes are being used in the right way. Congregants will be more inclined to give if they know that their donations have been used well.
This is a great way to avoid this mistake in church bookkeeping. Take the time to review each person that you are paying for a church service and use the IRS guidelines link in the Misclassification article to determine if they should classified as an employee, with proper payroll tax matching and withholding.
While you can focus on the community and growing your business, we will help with accounting functions. We'll make it easy for you to keep your financial records accurate and current.
It is important to remember that costs increase as your church expands. There are additional costs for many features, including accounting and church management. FT Walton Church Bookkeeping LLC offers growth opportunities for those who want to grow.
Avoiding this error in church bookkeeping is by taking the time to look at every person you pay for a service. You can then use the IRS guidelines (link below) to determine if they should classify themselves as employees with payroll tax withholding, matching or independent contractors.
Your church's leadership and administrative team will be able focus on the mission of the church, not its bookkeeping.
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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.