Problem is, the Pastor and the volunteers may not know how to properly set up an accounting system. As a result, your church may have ineffective bookkeeping.
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.
Also, you need to be capable of looking at the bank balance to see at a glance what percentage is designated funds or restricted funds. You will also need to know how much money is remaining to keep the lights on.
Our non-profit tax advisers are experienced in working with churches and synagogues to minimize taxes and preserve tax exempt status.
We provide our clients with a comprehensive understanding of the unique challenges religious organizations face today. We devote many hours each year to staying abreast with the current regulations and tax laws that will affect our clients (churches, synagogues mosques or church schools, churches daycares and any other religious-based organizations).
Your church has a very important mission. Don't let bookkeeping get in the path of that mission. The right software for church accounting can make it easy to do church bookkeeping accurately and quickly. This will allow you and your administrative staff to get back to what really matters to you ministry.
Maintaining a check register is not a reliable church bookkeeping system.
The biblical pattern shows without question that the pastor should be involved in the oversight of the church's finances, however, Scripture also prescribes the attitude and actions of the pastor to avoid disqualification of influence and trust.
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.
How To Manage Church Records
Identify The Church Records That You're Going To Manage. Based on your local state laws you will need to figure out what records are imperative to keep. ...
Implement A Retention Schedule. ...
Establish Retention And Destruction Policies.