There are no two churches the same. Each church's needs are different due to their size, staffing capabilities, volunteers available, and resources. FT Walton Church Bookkeeping LLC has many options available to assist churches in managing their finances, as well as helping them to maintain and improve the one they already have. These are the four options available. Contact us to request one that is customized for your congregation
Absolutely, we can have regular meetings so you can advise on the reporting you need and you can access your bookkeeping online at any time to pull reports and review the books.
If you reconcile your bank and card statements with your accounting, you can identify errors like duplicates, missing transactions or bank errors on rare occasions.
Your church’s leadership team and administrative staff will be able to focus on the church’s mission, not on the church’s bookkeeping.
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.
Trust and respect are the cornerstones of a good client relationship. We believe listening is essential. Our mission is to help you grow and succeed in your religious organization by providing financial guidance and financial leadership.
Churches are most at risk if they lack internal controls. A person outside your financial system can reconcile your bank accounts, track and verify your deposits, and make sure your checks are paid. This will increase the security of your congregation's assets.
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.
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.
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.