Sometimes congregations find themselves stuck with bookkeeping issues or need to outsource their bookkeeping. FT Walton Church Bookkeeping LLC offers bookkeeping services that are specifically tailored for churches.
FT Walton Church Bookkeeping LLC offers the best in affordable non-profit and church accounting throughout Georgia, including Suwanee Lawrenceville Gwinnett. Nonprofits are an integral component of any community. They play an important role in strengthening communities. Our team can help them succeed, grow, thrive, and prosper. Outsourcing accounting for your church or non-profit organization has many benefits. We are happy to assist you or your nonprofit. Please contact us. We are always there to help.
Our clients have access to our deep knowledge about the unique challenges facing religious organisations today. We spend hours each year staying current on the tax laws and new regulations that affect our non-profit clients. This includes churches, synagogues. mosques. Church schools. Daycares.
You should also be able to view your bank balance, see which funds are designated and restricted, and what amount is available to keep the lights lit.
Our tax consultants are not-for-profit and have extensive experience in working with churches, synagogues, and other faith-based groups to reduce their taxes and maintain their tax exempt status.
FT Walton Church Bookkeeping LLC has everything you need to get started. You don’t need to have an accounting degree to understand our general ledger.
The most vulnerable area for churches is their internal controls. The safeguarding of your resources is increased by having someone outside the financial system reconcile your bank account, track your deposits, verify them, and verify your checks.
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.
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.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
The biblical pattern shows without question that the pastor should be involved in the oversight of the church's finances, however, Scripture also prescribes the attitude and actions of the pastor to avoid disqualification of influence and trust.