Many churches and charities are struggling to get by on limited funds. Nonprofits will save valuable time, stress, resources, and money by outsourcing their financial operations. Spending time on finances as the head of your non-profit is time that could have been spent helping others, growing your donor base and expanding your organization.
While you're focusing your efforts on growing your organization and getting to know your neighbors, we'll help make accounting simple and ensure that financial records are kept accurate and correct.
FT Walton Church Bookkeeping LLC can help to prevent fraud and lower financial risks that may impact your church or non-profit. Stories of misappropriation of funds by charities and other nonprofit 501c3 groups are common in the news. We will be watching closely to ensure that your organization is protected.
Create a church bookkeeping program that not only tracks expenses or income but also tracks assets and liabilities.
These responsibilities may vary from church-to-church depending on the job description or according to their bylaws.
Your church can handle accounting tasks for programs like fundraising and preschools. This will help ensure that your ministry is a success.
You might need more functionality than QuickBooks Premier Plus provides as your church grows. Your church's growing needs will include the ability to manage volunteers, events, allow online giving and run email campaigns.
Bookkeepers maintain the financial records of the church that includes income and expense records. They are supposed to keep records of the dates and amount of every transaction of the church.
Churches call the traditional balance sheet a statement of financial position. It uses the accounting equation “Assets = Liabilities + Equity” to show a snapshot of your organization's financial health. It also shows the current balance of each of your funds if you've been implementing fund accounting for your 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.