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Finance

Choosing a Church Accounting Software

April 13, 2021 by Jay

Deciding which church accounting software to purchase is a difficult decision to make. Selecting the financial team that carries out the day-to-day operations of the church is equally as difficult. Both need to be reliable to ensure the church has the best available information to make financial decisions. Accurate financial statements reflect assets, liabilities, and… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church leadership, church management software, church reviews

3 Reasons For-profit Financial Software Doesn’t Work

March 2, 2021 by Jay 1 Comment

Financial Data outline icon. Thin line style icons from personal finance icon collection. Web design, apps, software and printing simple financial data icon.

Financial software comes in many shapes and sizes for various industries. Each industry requires unique financial transactions to be carried out by its software. Financial software packages that are rooted in the for-profit world have one major devastating flaw. They fail miserably when used in churches or governmental accounting. Then, why are these packages sold… ⪼ Continue Reading…

Filed Under: Finance Tagged With: budget, church management software, church reviews, non-profit

Fund Accounting Software for Churches

February 16, 2021 by Jay

A diagram showing donations received into the revenue account and checkbook. It shows the various entries needed for a nonprofit organization.

Accounting software that’s fund based versus non-fund based — at its core are two different animals. It would be like comparing a lion to a mountain cat. These big cats are similar but at their core, they are different in everything from habitat to how they hunt. Lions hunt in a pride where hunting is… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, donations, fund accounting, non-profit

Church Bookkeeping — Please Help!

January 26, 2021 by Jay 1 Comment

Church accounting financial statements mind map that has four circles with the words Balance Sheet, Income Statement, Cash Flows, Equity. There are four arrows that from the word of financial statement with one arrow going to each colorful circle.

Let’s first say, church bookkeeping is not just keeping a checkbook register. If this describes your current church, please keep reading. There are many reasons why just having a checkbook register is inadequate. We will get into that later. Having accurate church bookkeeping practices, as well as, the right people in place is very important.… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting services, church accounting software, church reports, fasb compliant software, irs compliant software

Small Church Accounting Software — Included or NOT?

January 12, 2021 by Jay 1 Comment

Professional Chartered Accountant Using Electronic Invoice Bill Software

If you were to search for ‘small church accounting software’ in Google, the results most likely will give you many review sites. When this post was written eight out of ten results were review sites – not software providers. Most review sites will steer you down the wrong path. To make things worse – most… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church management software, church payroll, church reports, church reviews, fasb compliant software, irs compliant software

Simple Church Financial Software That Works

October 13, 2020 by Jay

The church financial life cycle graph showing church membership, donations, and accounting.

What makes up simple church financial software? This will be a little different for each organization but there are common traits that all good church financial software has. Most of the time financial software means the accounting software for the church. But should it include more than the accounting software? What does donation and membership… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, church membership, church payroll, church reports, donations, fasb compliant software, irs compliant software

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