FT Walton Church Bookkeeping LLC assists clients with complex tax, payroll, and human resource issues. Our tax experts will keep clients up-to-date on the latest developments and trends in tax.
Our clients receive a deep understanding of the unique challenges that religious organizations face today. We invest many hours each year learning about the current tax laws and new regulations that will affect non-profit clients such as churches, synagogues or mosques, school for religious studies, daycares for children, and other religious-based groups.
Do you want your youth director to be able add her expenses directly into your accounting software but not have access to her payroll information? FT Walton Church Bookkeeping LLC is here for you.
We know. You didn’t get into ministry to become an accountant. You became a church leader to make disciples and share the good news of Jesus Christ.
We believe that listening is the foundation of a lasting client relationship built on trust and respect. Our goal is to provide financial leadership, guidance and advice that you can really use to help you grow your religious organization and become more successful.
Establish a church accounting system that not just tracks expenses and income but also tracks your assets, liabilities and assets.
Our experts will ensure that all information is correct and complete. We will handle all the details so that you can concentrate on your mission.
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.