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:
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.
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.
Church bookkeeping errors are bound to happen; however, there are some measures you can put into place to catch them.
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.
Your church can manage accounting tasks related to programs such as fundraising and preschools, so that these programs, and your ministry, are successful.
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.
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.