More than ever, religious and faith-based organisations need the guidance and expertise of a Certified Public Accountant.
In order to keep the cost of bookkeeping staff at a small church affordable, it is common to combine the position with another job. Other churches may have to hire someone part-time, who may not be as experienced. For many, however, this means that they will need a volunteer treasurer to manage the accounting. A trained person who does bookkeeping in many churches will be able to provide you with better quality work at a lower price.
FT Walton Church Bookkeeping LLC is a great choice for churches that have many volunteers and staff. Its primary benefit is the ability for many users to take on different roles. FT Walton Church Bookkeeping LLC is a great option for churches that don't have an accountant or administrator. It allows everyone to play a different role in the tracking of your finances and budgets.
So if you are on the fence whether to classify a worker as an employee or an independent contractor ...go ahead and classify and pay your worker as an employee!
Yes. We can schedule regular meetings so that we can discuss the reporting you require. And, you can always access your bookkeeping online anytime to pull reports or look at the books.
Our experts will ensure that every piece of information is available and properly accounted for. We'll handle the tedious work so you can concentrate on your mission.
Our clients receive a deep understanding of the unique challenges that religious organizations face today. We invest many hours each year learning about the current tax laws and new regulations that will affect non-profit clients such as churches, synagogues or mosques, school for religious studies, daycares for children, and other religious-based groups.
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.