This post was last updated on October 6th, 2022 at 03:59 pm.
Happy New Year!
Okay, okay! It’s not time to count down until midnight and sing Auld Lang Syne yet. But it is time to start thinking about wrapping up your church’s financials for the year and getting ready for 2023.
IconCMO went through recent changes in 2022 where year end processing for donations is not needed. The one option thing to do on the accounting side is to close the year if you want to lock down your accounting transaction and not allow any changes to them. Please ignore this video as the information is outdated!
Year-End Processing Video
The IconCMO Year-End Processing Video below provides step-by-step instructions to prepare your organization for the new 2016 calendar year. Note: If your fiscal year is not on the calendar year (e.g. July 1st through June 30th), then wait to perform these steps until your new fiscal year starts.
What reports should you provide to your church board with year-end financial information? See examples and learn more about essential year-end financial reports.
If you have any questions regarding year-end processing or reports, please contact our support team.