This is the second of a three-part series. In this blog we’re going to review the order of the chart of accounts, account numbering, how the order of accounts translates to reports, some do’s and don’ts, and finally the two main methods of accounting – accrual and cash-based. In the third article, we’ll review why… ⪼ Continue Reading…
fund accounting
Fund Accounting Software for Churches
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…
Church Budget Envelopes — Don’t Stress About Them!
Church budget envelopes are created by printing companies. They help the church collect donations easily from church members. However, how are these church budget envelopes created when the printers don’t have the data? The journey starts with church management software. When a church does not have a church management software system it is a big… ⪼ Continue Reading…
What is Fund Accounting & How Does It Help 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…
Church Accounting Services — Saves Churches Money!
What if I told you the monthly prices for church accounting services can range from $250 – $600 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…
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…