We are aware. You didn't go into ministry to become an accountant. You were called to be a leader in your church and make disciples.
Atlanta Church Bookkeeping LLC is available to assist clients in analyzing the complex issues of clergy tax law, church payroll and HR. Our experts are dedicated to keeping clients informed about the latest developments in tax and trends in different specialty areas.
An area of high risk for churches is the lack of internal controls. External auditors can reconcile bank accounts and track deposits and check them. This increases the safety of your congregation's finances.
Our experts will make sure all information is present and accounted for. Let us handle the busy work, so you can focus on your mission.
Use our church bookkeeping solutions to ensure financial records and policies are properly set up. Additionally, you probably have a small staff so outsourcing your bookkeeping can help you focus on growing your church and not getting behind.
Outsourcing is a good option. A bookkeeper outsourced can be a great option for smaller churches to medium-sized ones. It will increase the expertise and accuracy of your bookkeeper, as well as lower costs. Let's take a closer look at each of these:
They don't prioritize hiring a "seasoned" bookkeeper. So either the Pastor does the bookkeeping, or he or she corrals a member with "financial", or "organizational" skills to turn it over.
Here is a quick breakdown of some of the most common tasks you will need to accomplish when doing your church bookkeeping.
Enter Income And Expenses. ...
Track Contributions And Prepare Bank Deposits. ...
Pay Bills. ...
Journal Entries. ...
Complete A Bank Reconciliation.
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.
All organizations should follow generally accepted accounting principles (GAAP), using an accrual basis to record income and expenses when they are earned and incurred. However, many churches use a cash basis—recording income and expenses when they are received and paid—or a combination of both approaches.