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Finance

Free Church Accounting Software — Bargain or Trap?

September 22, 2020 by Jay Leave a Comment

money coins in human hands with a tree sapling growing out of it denoting free church accounting software

Human nature is a funny thing. If given a choice most of us will take the easiest way out, even when it’s not the best way or gives the best results. The same can be said about anything free, including free church accounting software. People love free stuff – even if it’s not good for… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church management software, church payroll, church reviews, online security

What is Fund Accounting & How Does It Help Churches?

September 8, 2020 by Jay 2 Comments

Two kids in suits with stacks of accounting records and a calculator in front of them working on taxes for churches

That sounds like a simple question, right? But it’s not. If a nonprofit organization doesn’t know what to look for, they could choose an accounting system that fails them when they need it. The goal of this post is to briefly go over what government regulations say about fund accounting, the main ideas of fund… ⪼ Continue Reading…

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

Accounting Software For Churches That Are Serious!

August 11, 2020 by Jay Leave a Comment

This shows a change in net asset report produced by a church accounting system. It shows the net increase without parenthesis and decreases in parenthesis. This is just one report that can help churches know if they are able to stay afloat and open without losing money every month.

In this post, we are going to discuss the seven sins of accounting software for churches. We will uncover the reasons for when church accounting goes wrong and discuss some possibilities of why it happens. Spoiler alert — it typically starts from inside the church. Next, we’ll go over some areas the IRS reviews closely… ⪼ Continue Reading…

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

Church Accounting Services — Saves Churches Money!

July 21, 2020 by Jay

Two kids in suits with stacks of accounting records and a calculator in front of them working on taxes for churches

What if I told you the monthly prices for church accounting services can range from $350 – $700 per month? You might be thinking that we used the wrong title for this blog post. How can paying that much save the church any money? You may even be inclined to offer a better title for… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting services, church management software, church payroll, fund accounting

The Best Church Finance Software in 2020 – 7 Rules!

July 7, 2020 by Jay 1 Comment

church fund accounting diagram to show what makes the best finance church software

The year is 2007 and the iPhone was just released and churches are still getting use to their online church finances programs. Thirteen years later, online is the only way to go. So what does the church look for in getting the best church finance software in 2020? To have the best church finance software… ⪼ Continue Reading…

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

Fund Accounting – Everything You Need To Know

June 8, 2020 by Jay 2 Comments

Representation of how fund accounting uses self balancing accounts.

Fund accounting is a type of accounting for not for profits. In this post we are gonna go over multiple facets of fund accounting. We’ll first discuss the governmental regulations on why churches must use fund accounting. Next we will go over how using fund accounting creates a bond of trust with your donors, and… ⪼ Continue Reading…

Filed Under: Finance Tagged With: budget, church accounting software, church payroll, church reports, donations, fasb compliant software, fund accounting, irs compliant software

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