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fund accounting

Four Key Elements for Church Donation Software

September 29, 2011 by Jay Leave a Comment

When churches are looking for church donation software, they should make a list of the specific functionality they want immediately. Additionally, what needs exist in the next 5-10 years for the church donation software? Smaller organizations and church plants may not be ready for online donations however; the availability of this option later is crucial.… ⪼ Continue Reading…

Filed Under: Contributions Tagged With: church management software, cloud computing, fund accounting, irs compliant software, online donations

Benefits of a Church Payroll Solution (Part II).

September 27, 2011 by Jay Leave a Comment

Church Payroll Software Cost and its Benefits One option for churches is to outsource payroll responsibilities. Payroll services typically charge $1 or more per check, with a minimum fee of $10-25 each pay period. Additional fees are often incurred for quarterly reports and W-2 preparation. These fees can amount to a substantial number over time.… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, church payroll, cloud computing, cpa, fasb compliant software, fund accounting, irs compliant software

The Secret to Affordable Church Payroll Software! – Part 1

September 22, 2011 by Jay 1 Comment

Payroll is one of the most difficult, time consuming, and costly administration tasks churches repeatedly encounter. Churches of all sizes are required to use “fund accounting” as described by the Financial Accounting Standards Board (FASB) guidelines. Fund accounting is a specialized way of accounting designed for nonprofits; if you use this accounting method we recommend… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church payroll, cloud computing, cpa, fasb compliant software, fund accounting, irs compliant software, multisite churches

Use Facebook for Church Member Interaction!

September 13, 2011 by Robert 1 Comment

You can use IconCMO for organizing members and groups, donation reporting, fund accounting, and even payroll – why don’t we have a place for church members to interact with each other like other church management systems? This is a common question we get about IconCMO. Churches should use Facebook for church member interaction. Why? For… ⪼ Continue Reading…

Filed Under: People Tagged With: church payroll, cloud computing, communication, fasb compliant software, fund accounting, groups, social media

Postal Service May Eliminate Nonprofit Discount.

September 12, 2011 by Jay Leave a Comment

The Postal Service (USPS) with the help from Rep. Darrell Issa is trying to eliminate the 40% discount for mailing that nonprofits enjoy. HR2309 is the law that Congress is trying to pass which would eliminate almost all but 10% of the nonprofit discount within 6 years. At Icon Systems, we forecasted this years ago… ⪼ Continue Reading…

Filed Under: Updates Tagged With: donations, fund accounting, irs compliant software

7 Steps to Maintaining your Church Tax Exempt Status

August 31, 2011 by Jay Leave a Comment

Jean Hemphill, Esq. did a wonderful write up of what to look for in church software. Below is just a summary of some of the information you will find. Know what regulations pertain to churches and what organization creates them. Filing the right paperwork quarterly and annually. Ensure staff is properly paid as per the… ⪼ Continue Reading…

Filed Under: Finance Tagged With: cpa, fasb compliant software, fund accounting, irs compliant software, non-profit

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