Atlanta Church Bookkeeping LLC Urban
You will discover errors like duplicates or missing transactions, bank errors on rare occasions and amount discrepancies by reconciling your accounts with your bank, credit card, and bank statements.
By reconciling your accounting with your bank and credit card statements, you will find errors such as duplicates, missing transactions, bank errors on rare occasions, and amount discrepancies.
In the case a church, a bookkeeper might be required to take on the roles of both an accountant as well as a treasurer. They are responsible to manage all financial aspects for the church. Their responsibilities include but not limited to:
You will discover errors like duplicates or missing transactions, bank errors on rare occasions and amount discrepancies by reconciling your accounts with your bank, credit card, and bank statements.
Your church's leadership and administrative team will be able focus on the mission of the church, not its bookkeeping.
You should be aware that your church's growth will also increase the cost. A lot of features that go beyond basic church management or accounting also come with an additional cost. Atlanta Church Bookkeeping LLC, however, will help you grow.
Why outsource? For smaller and medium-sized churches, outsourcing can help increase expertise and accuracy, lower bookkeeping expenses, and give them an extra link in their internal controls. Let's examine each of these individually:
Atlanta Church Bookkeeping LLC makes it super simple to get up and running. Our general ledger is perfectly structured and you don't need an accounting to degree to understand.
Diocesan Canons state that treasurers and other officers of a church parish, mission or other institution be “bonded” according to Episcopal Church Canons. Episcopal Church Canons require that treasurers be “adequately bonded.”
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.
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.