You can decide whether you want to pay an independent contractor or an employee if you are unsure.
Security Procedures As the Bookkeeper,I do enter the accounting data, write the checks, and reconcile the monthly bank statements for a church thrift store that is a start-up. …
Your church’s leadership team and administrative staff will be able to focus on the church’s mission, not on the church’s bookkeeping.
We know. It wasn't to be an accountant that you went into ministry. To make disciples and spread the gospel of Jesus Christ, you became a church leader.
Many churches, nonprofits, and other organizations are struggling with limited resources. Nonprofits can save time, stress, valuable resources and money by outsourcing financial accounting. The time you spend on your books as the head for your nonprofit is time that could be spent expanding your donor base, helping those in crisis, and growing your donor list.
Good financial health is dependent on accuracy and experience. A trained and qualified bookkeeper ensures that you have an expert who can make accurate entries, understand and comply with all local and federal regulations, and is able to report accurately.
Your congregation will be able reassure you that donations and tithes have been used as intended. Congregants are more likely to give again if they feel their donations were being used properly.
Diocesan Canons state that treasurers and other officers of a church parish, mission or other institution be “bonded” according to Episcopal Church Canons. Episcopal Church Canons require that treasurers be “adequately bonded.”
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.
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.