The majority of churches today have an online church software package, but there are still some that don’t which begs the question – why? Is it because of the perceived cost, church leadership is nervous about change or unfamiliar with current software on the market, lack of technical savviness, or some other reason? For churches… ⪼ Continue Reading…
church technology
Chart of Accounts – Equity Accounts As Funds – Part 3
In case you missed the other parts here they are. In this first part we will cover what normal balances are and the various sections of the chart of accounts. The second part goes over the chart of accounts order- its numbering, how the order of accounts translates to reports, some do’s and don’ts, and… ⪼ Continue Reading…
Is QuickBooks Safeguarding Your Payroll Data or Selling It?
QuickBooks is going to start sending payroll data to consumer credit agencies like Equifax, which has already amassed 300 million current and historic payroll records. This QuickBooks’ policy change will take effect later on this year unless organizations ‘opt-out’ by July 31st. It was nice of them to give companies 30 days to ‘opt-out’ of… ⪼ Continue Reading…
Accounting For Churches — Avoid These Mistakes
Let’s start out this topic of accounting for churches with two quotes. The first is from Charlie Munger, Warren Buffett’s business partner for over four decades. Charlie once said, Proper accounting is like engineering. You need a margin of safety. Thank God we don’t design bridges and airplanes the way we do accounting. Charlie Munger.… ⪼ Continue Reading…
Church Budgets Aren’t Financial Statements
Church financial statements are the reports churches should be reviewing on a monthly basis. While church budgets may be important, this is only a best guess as to what will happen throughout the year. More time each month should be dedicated to reading through financial statements of what has happened rather than the budget. Many… ⪼ Continue Reading…
Church Management Solution Requirements
Church management solutions and their requirements have changed dramatically in just the last ten years. Software in the past used to have strict guidelines in regards to processor speeds, RAM, and hard drive space. While they are important items to consider for a new computer, most church management systems are online — just like your… ⪼ Continue Reading…