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Finance

Church Office Software – What Makes it Different?

October 27, 2011 by Jay Leave a Comment

Church office software has various shapes and sizes. It is appropriate to distinguish between “church software” and “church office software”. “Church Software” – is any type of computer software specifically designed for use by a church”. Church software can encompass different types of software such as: bible verse, media production, donation, accounting, mass emailing, sermon,… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church technology, fasb compliant software, fund accounting, multisite churches

Church Bookkeeping vs Church Accounting Software

October 11, 2011 by Robert Leave a Comment

Is there a difference between church bookkeeping software vs church accounting software? If so, what is it? Accountingtools.com Defines Bookkeeping Bookkeeping: Bookkeeping involves the recordation of basic business transaction in a recordkeeping system.  Merriam-Webster Defines Accounting Accounting: The practice and body of knowledge concerned primarily with: 1.    Methods for recording transactions2.    Keeping financial records3.    Performing… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, fasb compliant software, fund accounting, irs compliant software, multisite churches

Benefits of a Church Payroll Solution (Part II).

September 27, 2011 by Jay Leave a Comment

Church Payroll Software Cost and its Benefits One option for churches is to outsource payroll responsibilities. Payroll services typically charge $1 or more per check, with a minimum fee of $10-25 each pay period. Additional fees are often incurred for quarterly reports and W-2 preparation. These fees can amount to a substantial number over time.… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, church payroll, cloud computing, cpa, fasb compliant software, fund accounting, irs compliant software

The Secret to Affordable Church Payroll Software! – Part 1

September 22, 2011 by Jay 1 Comment

Payroll is one of the most difficult, time consuming, and costly administration tasks churches repeatedly encounter. Churches of all sizes are required to use “fund accounting” as described by the Financial Accounting Standards Board (FASB) guidelines. Fund accounting is a specialized way of accounting designed for nonprofits; if you use this accounting method we recommend… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church payroll, cloud computing, cpa, fasb compliant software, fund accounting, irs compliant software, multisite churches

7 Steps to Maintaining your Church Tax Exempt Status

August 31, 2011 by Jay Leave a Comment

Jean Hemphill, Esq. did a wonderful write up of what to look for in church software. Below is just a summary of some of the information you will find. Know what regulations pertain to churches and what organization creates them. Filing the right paperwork quarterly and annually. Ensure staff is properly paid as per the… ⪼ Continue Reading…

Filed Under: Finance Tagged With: cpa, fasb compliant software, fund accounting, irs compliant software, non-profit

Why Church Accounting is Important

August 22, 2011 by Jay 2 Comments

At Icon Systems we are always looking out for our clients and wanted to pass this information on to you. Does your current software provide the right financial reports for the IRS? Ask the 3,000 organizations in Orange County, CA that lost their tax exempt status and it came down to not filing their financial… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church payroll, cpa, fasb compliant software, fund accounting, irs compliant software, multisite churches

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