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…
church accounting software
Servant Keeper Office Online Alternative
IconCMO is a simple to use alternative solution to Servant Keeper Office Online. Is your church looking to make the switch from Servant Keeper Office Online or another version of Servant Keeper? If so we would love to chat with you about IconCMO and what it can do for your church. IconCMO is a simple… ⪼ Continue Reading…
Fund Accounting – Everything You Need To Know
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…
Church Software Backups — Any Time!
A church software’s ability to create data backups is probably one of the top five things it has to do, above all else. After all, the church’s data is a treasure trove and irreplaceable. In most cases, church software backups are completed each night without much thought. It is a very automated process. The only… ⪼ Continue Reading…
Paycheck Protection Program (PPP) and Churches
The following is an example of how a PPP loan could be received and processed by a church using IconCMO’s full fund accounting system. Sample: PPP Loan for $100,000. For this client all transactions will still come out of the main checking account using the General Fund and qualifying expenses will reimburse with the PPP… ⪼ Continue Reading…
Fund Accounting Definition – Churches & Not For Profits
The official definition of fund accounting is described as “(1) an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law. (2) It emphasizes accountability, rather than profitability, and is used by Nonprofit organizations and by governments. In this method,… ⪼ Continue Reading…