Do you want your youth director to be able add her expenses directly into your accounting software but not have access to her payroll information? FT Walton Church Bookkeeping LLC is here for you.
Most of the labor and employment laws are applicable to churches as well as "for profit" organizations. These laws include guidelines on how to classify your workers as independent contractors or employees.
FT Walton Church Bookkeeping LLC can be a good choice for churches with many staff members and volunteers. One of the main benefits of FT Walton Church Bookkeeping LLC is its ability to allow multiple users to perform different roles. FT Walton Church Bookkeeping LLC lets you have everyone in a specific role in monitoring your church's finances.
If you're unsure whether to label a worker an employee or an independent contractor, then go ahead and assign and pay your worker an employee classification!
But you don't wish the youth director access to your payroll information. FT Walton Church Bookkeeping LLC will take care of all your needs.
Every church must deal with finances. Every week, there are offerings and tithes. There are bills to pay, expenses to meet, and often salaries to be paid. It can be overwhelming to keep track of all this. Even if you don't know how to use Excel or distinguish a debit and credit, accounting church software programs can help.
You also need to be able to look at that bank balance and know at a glance how much of it is designated or restricted funds and how much is left to keep the lights on.
seven years
Financial Records are traditionally kept for seven years. This relates to the laws of tax audits and the number of years back the IRS is allowed to look when determining an organization's tax liability.
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.)
Here is a quick breakdown of some of the most common tasks you will need to accomplish when doing your church bookkeeping.
Enter Income And Expenses. ...
Track Contributions And Prepare Bank Deposits. ...
Pay Bills. ...
Journal Entries. ...
Complete A Bank Reconciliation.