You are the best time to hire our church bookkeeping service to make sure your financial records and policies are correct. It is also a great idea to have your bookkeeping done by someone else, so that you can concentrate on building your business and never fall behind.
The problem is that neither the Pastor nor the good hearted volunteer may know how to set up and maintain a proper accounting system, so you end up with an ineffective church bookkeeping system...and may not even realize it...until you have bills not being paid, or doubled paid...or financial records that nobody can make sense of...or make proper financial decisions with.
Religious and faith-based groups need the expertise and guidance a Certified Public Accountant.
A bookkeeper might also be required to wear the shoes and treasurer of an accountant or treasurer in the case of a church. They are responsible for all aspects of financial affairs of the church. They are responsible for the following:
While you are focusing on building relationships with your community and your organization, we will make accounting easy for you and ensure your financial records are accurate and maintained correctly.
Our team of not-for profits tax advisers has many years experience working with churches, synagogues or other faith-based organizations in order to minimize their taxes, protect their tax exempt status, and help them avoid tax.
While you focus on getting to know your community and growing your organization, we'll work to make the accounting function easy and ensure that your financial records are maintained correctly and accurately.
Churches and religious nonprofits must maintain highly accurate accounting and bookkeeping records in order to maintain their nonprofit status, budget accurately, and provide reporting to government entities and their parishoners or members.
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.
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.