Church bookkeeping errors are bound to happen; however, there are some measures you can put into place to catch them.
Church bookkeepers have for a long time been confused with accountants. They, however, carry very different responsibilities. Bookkeepers maintain the financial records of the church that includes income and expense records. They are supposed to keep records of the dates and amount of every transaction of the church. It is also their task to keep track of all accounts and are the ones who verify the accuracy of the procedures used in the accounting processes. Accountants, on the other hand, perform all the tasks of bookkeepers and also provide auditing, tax planning, financial planning, payroll processing, and consulting services.
The church's administrative and leadership staff can focus on its mission rather than on bookkeeping.
A bookkeeper might also be required to wear the shoes and treasurer of an accountant or treasurer in the case of a church. They are responsible for all aspects of financial affairs of the church. They are responsible for the following:
Atlanta Church Bookkeeping LLC assists clients with complex tax, payroll, and human resource issues. Our tax experts will keep clients up-to-date on the latest developments and trends in tax.
Our experts will make sure that all information is included and accounted. Let us handle the hassle so you can be focused on your mission.
Even if someone in your congregation is a bookkeeper or accountant for nonprofits, hiring a specialist will be a substantial investment. We urge you to make this a priority. It can bring benefits to your church three ways
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.
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.
How To Manage Church Records
Identify The Church Records That You're Going To Manage. Based on your local state laws you will need to figure out what records are imperative to keep. ...
Implement A Retention Schedule. ...
Establish Retention And Destruction Policies.