Most labor and employment laws apply to churches just as they do to other non-profit organizations. This includes guidelines for classifying employees and independent contractors as workers.
Now is the perfect time to use our church bookkeeping services to ensure your financial records and policies are set up correctly. Plus, since you likely have a limited team, it helps to outsource your bookkeeping so you can focus on growing your organization and never get behind.
It is inevitable that church bookkeeping errors will occur. But, there are steps you can take to stop them.
Long time church bookkeepers were often confused with accountants. However, they are charged with very different duties. The financial records of the church are kept by bookkeepers, which includes income and expense records. They should keep track of every transaction and the date. They also have to keep records of every transaction and ensure that the accounting procedures are accurate. Accountants are able to perform all of the tasks of bookkeepers as well as provide consulting, auditing, financial planning, payroll processing, tax planning, and financial planning.
Your church's administration staff and leadership team can now focus on the church’s mission and not on the bookkeeping.
Our experienced not-for-profit tax advisers have many years of experience working with churches, synagogues, church schools and other faith-based organizations to help minimized their taxes and protect their tax exempt status.
More than ever, religious and faith-based organisations need the guidance and expertise of a Certified Public Accountant.
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.
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.
Churches And Transparency
The standards of the Evangelical Council on Financial Accountability require that member organizations provide audited financial statements on request.
81% of church revenue came from individual donations. 34% of congregations have endowments, which constituted on average 4% of their revenue. Only 2% of churches received revenue from government grants; 12% received finance from non-government grants.