Your church will be equipped to handle the accounting duties associated with programs such preschools or fundraising. This will make sure these programs and your ministry are a success.
FT Walton Church Bookkeeping LLC can help prevent fraud and lower other financial risks that can potentially impact your nonprofit or church. The news is filled with stories of misused funds from charities and other 501c3 groups. We will keep a keen set of eyes on your books to help protect your organization.
A key area that churches are at greatest risk is internal controls. It is important that someone outside your financial system reconciles your bank accounts, tracks and verifies your deposits and checks, which increases your congregation’s security.
FT Walton Church Bookkeeping LLC makes it super simple to get up and running. Our general ledger is perfectly structured and you don't need an accounting to degree to understand.
Each church is unique. Due to the size of the church, its resources and staffing ability, their needs will vary. FT Walton Church Bookkeeping LLC provides many services to assist churches, from helping to manage their financial system to supporting and supporting the one already in place. There are four services available. For a customized service, please contact us.
....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.
Your church's administration staff and leadership team can now focus on the church’s mission and not on the bookkeeping.
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.