Congregants will be more likely to trust you if they know their donations and tithes were being used properly. Congregants will donate more if they trust that the donations are being used in a responsible manner.
You will be able to reassure your congregants their tithes and donations are being used as intended. When congregants know their donations are used wisely, they are more likely to continue to donate.
Many of the same labor laws and employment rules apply to churches as to non-profit organizations. This includes guidelines on classifying your workers either as employees, or independent contractors.
Your church can manage accounting tasks related to programs such as fundraising and preschools, so that these programs, and your ministry, are successful.
We know. You didn’t get into ministry to become an accountant. You became a church leader to make disciples and share the good news of Jesus Christ.
Also, you need to be capable of looking at the bank balance to see at a glance what percentage is designated funds or restricted funds. You will also need to know how much money is remaining to keep the lights on.
Atlanta Church Bookkeeping LLC provides assistance to clients in understanding the complexities of clergy tax law, church pay & human resources. Our specialists are committed to keeping our clients abreast of tax news, developments, and trends in various specialties.
Churches call the traditional balance sheet a statement of financial position. It uses the accounting equation “Assets = Liabilities + Equity” to show a snapshot of your organization's financial health. It also shows the current balance of each of your funds if you've been implementing fund accounting for your church.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
Churches and religious nonprofits must maintain highly accurate accounting and bookkeeping records in order to maintain their nonprofit status, budget accurately, and provide reporting to government entities and their parishoners or members.