FT Walton Church Bookkeeping LLC is proud to offer the best in affordable nonprofit and church accounting in Atlanta and throughout the state of Georgia. We understand that nonprofits are an integral part of the community. They play an essential role in building strong communities. Our team helps them thrive, grow, and succeed. Outsourcing your church or nonprofits accounting offers endless benefits. Please contact us and tell us on we can assist your church or nonprofit. We are always here to help.
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.
You are the best time to hire our church bookkeeping service to make sure your financial records and policies are correct. It is also a great idea to have your bookkeeping done by someone else, so that you can concentrate on building your business and never fall behind.
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....Another good reason to keep financial records is to make informed financial decisions. If you can pull up a report, you will be able see that your expenses are higher than they were in previous years.
It is also important to be able look at your bank balance and see how much has been designated or restricted funds, and how much you have left to pay the bills.
Every church must deal with finances. Every week, there are offerings and tithes. There are bills to pay, expenses to meet, and often salaries to be paid. It can be overwhelming to keep track of all this. Even if you don't know how to use Excel or distinguish a debit and credit, accounting church software programs can help.
Working in church accounting, you share the same responsibilities as an accountant in any other organization. You record expenses, track contributions made by the congregation, and monitor spending on various programs. Your duties center around bookkeeping, documenting and controlling finances for a church.
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.