Each church is unique. Due to the size of the church, its resources and staffing ability, their needs will vary. Atlanta Church Bookkeeping LLC provides many services to assist churches, from helping to manage their financial system to supporting and supporting the one already in place. There are four services available. For a customized service, please contact us.
To avoid making a mistake in church bookkeeping, you should carefully examine each person who is being paid for a service. The IRS guidelines (link to the Misclassification article), will help you determine whether they should be classified either as an employee with proper payroll tax withholding and matching, or as an independent contractor.
Your church has an important mission, and doing your bookkeeping shouldn’t get in the way. Using the right church accounting software helps you get your church bookkeeping done quickly and accurately, so you and your administrative staff can get back to the things that matter most to your ministry.
Religious and faith-based organizations need the expertise and guidance of an experienced Certified Public Accountant more than ever.
There is another reason to keep track . It helps you make better financial decisions. You should be able to look at a report and see how you spend more on expenses than you did in prior years.
Listening is the foundation for a client relationship that is built on trust. Our mission is for you to receive financial leadership, guidance, and advice that can be used to grow your religious organization.
Churches are under most of the same labor and employment laws that "for-profit" organizations are under. This includes the guidelines for classifying your workers as employees or independent contractors.
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.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
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.