Even if one of your members is a professional accountant or bookkeeper for nonprofits, it will still be an investment to hire a specialist to handle your church's books. This is why we encourage you to make it a priority. Your church can reap the benefits of this investment in three ways.
Sometimes congregations get stuck with bookkeeping questions or even need to outsource their bookkeeping. Discover how Atlanta Church Bookkeeping LLC we can help you save time and money with our bookkeeping services designed for churches.
We are passionate about church bookkeeping. However, we enjoy maintaining books for small charities and churches. We see a lot of mistakes made in bookkeeping, which could have been avoided had the bookkeeper known the right way to do it.
While you're focusing your efforts on growing your organization and getting to know your neighbors, we'll help make accounting simple and ensure that financial records are kept accurate and correct.
Churches are most at risk if they lack internal controls. A person outside your financial system can reconcile your bank accounts, track and verify your deposits, and make sure your checks are paid. This will increase the security of your congregation's assets.
For classifying and paying a worker with an IRS 1099 that the IRS believes should have been considered an employee, churches can face severe penalties.
A Certified Public Accountant with experience in religious and faith-based organizations is more important than ever.
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.)