More than ever, religious and faith-based organisations need the guidance and expertise of a Certified Public Accountant.
FT Walton Church Bookkeeping LLC can help prevent fraud and lower other financial risks that can potentially impact your nonprofit or church. The news is filled with stories of misused funds from charities and other 501c3 groups. We will keep a keen set of eyes on your books to help protect your organization.
Listening is key to a long-lasting client relationship built on trust, respect and cooperation. We want to be able to offer financial guidance, advice and leadership that will help you grow your religious organisation and make it more successful.
Many churches, nonprofits, and other organizations are struggling with limited resources. Nonprofits can save time, stress, valuable resources and money by outsourcing financial accounting. The time you spend on your books as the head for your nonprofit is time that could be spent expanding your donor base, helping those in crisis, and growing your donor list.
Congregants will be more likely to trust you if they know their donations and tithes were being used properly. Congregants will donate more if they trust that the donations are being used in a responsible manner.
A bookkeeper who is "experienced" is not something that they need to do is not high on their priority list. So, the Pastor either handles the bookkeeping by himself or finds a member with organizational or financial skills that they can then turn over to the pastor.
In order to keep the cost of bookkeeping staff at a small church affordable, it is common to combine the position with another job. Other churches may have to hire someone part-time, who may not be as experienced. For many, however, this means that they will need a volunteer treasurer to manage the accounting. A trained person who does bookkeeping in many churches will be able to provide you with better quality work at a lower price.
In a non-profit organization, such as a church, the board is the bearer of this fiduciary responsibility and therefore should properly oversee all operations, including finances, to protect the members of the church.
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.
Common Church Budget Categories
Personnel (salaries, benefits, etc.)
Administration (operating expenses)
Facilities and Equipment (utilities, insurance on property, maintenance)
Outreach (missions, evangelism, social events, etc.)