Would you like the youth director able to add expenses directly to your accounting program but not want her to have access payroll information? FT Walton Church Bookkeeping LLC provides all the services you need.
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.
Our clients benefit from our in-depth knowledge of the unique challenges faced by religious organizations. Each year, we spend hours researching the latest tax laws and regulations that will impact our non-profit clients, including churches, synagogues and mosques, church schools and church daycares, and other religious-based organisations.
Laying all that aside....another important reason for keeping books...is to make good financial decisions. You need to be able to pull up a report and see that you are spending more on expenses than you were in prior years.
Our experienced not-for-profit tax advisers have many years of experience working with churches, synagogues, church schools and other faith-based organizations to help minimized their taxes and protect their tax exempt status.
FT Walton Church Bookkeeping LLC will help to protect your church and prevent fraud. Many stories have been reported about misappropriation of funds from charities and other non-501c3 groups. To protect your organization, we'll keep an eye on it.
FT Walton Church Bookkeeping LLC makes it easy to get started. You don't have to be an accountant to use our general ledger.
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.
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.
Churches and religious nonprofits must maintain highly accurate accounting and bookkeeping records in order to maintain their nonprofit status, budget accurately, and provide reporting to government entities and their parishoners or members.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.