Bookkeeping requires that you keep track of different categories of transactions. The Chart of Accounts is an organizational tool that provides “line items” (referred to as accounts) on your financial reports. The list of accounts…
Cloud computing is quickly moving from an obscure concept to an everyday reality for organizations all over the world. A 2015 survey found that 52% of small organizations had already adopted some form of cloud-based…
Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for churches switching to cloud computing.
Cloud computing is fast becoming the norm because storing information and using software hosted on the Internet has many advantages.
10. Accepting designated gifts without exercising adequate control as to how the gift is disbursed. 9. Providing donor receipts for material (in-kind) gifts or services. (You can receipt but put NO $ value on it.)…
I’m exhibiting at the Texas Ministry Conference on Feb 20th and it got me thinking about my conference tips. I hope you enjoy these suggestions, let me know what suggestions you have! For many people,…
Ordained, commissioned, or licensed pastors serving in a ministerial capacity are dual-status taxpayers – this means they are treated as an employee AND self-employed. But practically speaking, what does this mean? 1. A church should…
On average, churches spend 10 hours each week recording, organizing, and processing financial transactions – everything from donations, to employee payments, expense receipts and supplier invoices. While the process may be time-consuming (and tedious!), effective…
Keeping track of earnings, expenses, and purchases is fundamental to the overall health and sustainability of your church. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable…
