Why not outsource? Outsourcing a bookkeeper for small to medium-sized churches can improve expertise and accuracy, reduce bookkeeping costs, and add a missing link in internal control. Let's look at each one.
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.
Our experts will ensure all information is accurate and up-to-date. Let us do the heavy lifting so you can get on with your mission.
For a church to be financially healthy, accuracy and expertise are essential. A qualified and trained bookkeeper is an expert who understands the best way to enter, complies with federal and local requirements, and makes sure your reporting is accurate.
If you reconcile your bank and card statements with your accounting, you can identify errors like duplicates, missing transactions or bank errors on rare occasions.
Your church can handle accounting tasks for programs like fundraising and preschools. This will help ensure that your ministry is a success.
Events Income Not rated yet. We are trying to make sure our chart of accounts is categorized correctly.Besides our tithes and offerings, which we categorized as non-profit revenue …
Working in church accounting, you share the same responsibilities as an accountant in any other organization. You record expenses, track contributions made by the congregation, and monitor spending on various programs. Your duties center around bookkeeping, documenting and controlling finances for a church.
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.
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.)