We can arrange regular meetings so that you can discuss the reports you need. Also, you can access the bookkeeping online to pull reports and look over the books at any time.
These responsibilities vary between churches depending on their job description, or the guidelines of their bylaws.
Engaging a specialist to assist your church's bookkeeping is likely to be a significant investment, even if your member is a non-profit accountant or bookkeeper. This investment should be a priority. This investment can be a benefit to your church in three ways.
However, these responsibilities can vary from one church to the next depending on what their job description is or how they are guided by their bylaws.
So why consider outsourcing? For some smaller to medium-sized churches, having an outsourced bookkeeper can increase expertise & accuracy, lower bookkeeping costs, and provide a missing link in internal controls. Let’s take a look at these one-by-one:
Problem is, either the pastor or the volunteer may not be familiar with how to set-up and maintain an effective accounting system. So you end up with a poor church bookkeeping system.
Financial health of any church is dependent upon accuracy and expertise. A skilled and qualified bookkeeper will ensure that your reports are accurate, understands federal and local requirements, as well as being able to accurately record the entries.
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.)