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.
The Pastor may not consider hiring an "experienced" bookkeeper as a top priority. The Pastor may do the bookkeeping himself or hire a "financial" or organizational member to handle it and turn it over.
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!
Our non-profit tax advisers are experienced in working with churches and synagogues to minimize taxes and preserve tax exempt status.
While mistakes in church bookkeeping are not uncommon, there are steps that you can take to avoid them.
Maintaining a check register is not a reliable church bookkeeping system.
Financial health of any church is dependent upon accuracy and expertise. A skilled and qualified bookkeeper will ensure that your reports are accurate, understands federal and local requirements, as well as being able to accurately record the entries.
Working in church accounting, you share the same responsibilities as an accountant in any other organization. You record expenses, track contributions made by the congregation, and monitor spending on various programs. Your duties center around bookkeeping, documenting and controlling finances for a church.
81% of church revenue came from individual donations. 34% of congregations have endowments, which constituted on average 4% of their revenue. Only 2% of churches received revenue from government grants; 12% received finance from non-government grants.
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.)