However, every church must manage its finances. Every week there are tithes to be paid and offerings to be made. There are bills that need to be paid, income to meet, as well as salaries to be earned. It's all a lot of work to keep track. Accounting software for churches can help you navigate these waters, even if Excel is not your forte and you don’t know the difference between a debit or a credit.
Atlanta Church Bookkeeping LLC helps to reduce fraud and other financial risks that might impact your church. News stories are full of stories about misused funds from charities or other 501c3 entities. We will monitor your books closely to protect your organization.
Good financial health is dependent on accuracy and experience. A trained and qualified bookkeeper ensures that you have an expert who can make accurate entries, understand and comply with all local and federal regulations, and is able to report accurately.
There is no one church that is the same. Every church has different needs. This is due to its size, available volunteers, resources, and staffing capabilities. Atlanta Church Bookkeeping LLC offers many options that can help churches manage their financial systems, or even assist them in helping with existing ones. Below are four possible service options. We can customize one for you.
It is also important to be able look at your bank balance and see how much has been designated or restricted funds, and how much you have left to pay the bills.
Most labor and employment laws apply to churches just as they do to other non-profit organizations. This includes guidelines for classifying employees and independent contractors as workers.
Our experts will make sure all information is present and accounted for. Let us handle the busy work, so you can focus on your mission.
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.”
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.
The IRS may begin a church tax inquiry only if an appropriate high-level Treasury official reasonably believes, based on a written statement of the facts and circumstances, that the organization: (a) may not qualify for the exemption; or (b) may not be paying tax on unrelated business or other taxable activity.