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fund accounting

E-File your W-2 & 1099’s

January 15, 2015 by Jay 1 Comment

We have partnered with Yearli. The integration will pull W-2 information from IconCMO into Yearli software. After creating a login the user can pull W-2 information from IconCMO via an export and import into Yearli for their W-2 filing. Yearli’s simple user interface will show the user what needs to be corrected before E-Filing

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

Handling a Large Credit Card Refund

November 12, 2014 by Icon Systems Leave a Comment

Hands and money in envelope isolated on white background

A while back, one of our customers presented us with a scenario involving a large credit card refund that we thought had the makings for some good discussion here on the blog. For purposes of anonymity, we’ll change some of the details while keeping the basic accounting concepts intact.  The church’s pastor had been given… ⪼ Continue Reading…

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

Did you know that IconCMO has published 2 eBooks

July 21, 2014 by Jay Leave a Comment

Recording and Increasing Church Donations

Icon systems has published three eBooks for churches that are available to download from our resource page. This e-book was designed to help staff and volunteers understand the importance of recording donations of various different types (eg. non-cash vs. cash). Understanding the various methods of giving can help a church generate income when financial times… ⪼ Continue Reading…

Filed Under: Did You Know? Tagged With: church accounting software, donations, fund accounting, non-profit

Fund Transfers and Account Transfers, part 2 of 2

June 27, 2014 by Jay Leave a Comment

A man's hand handing one hundred dollar bills to a woman's hand.

In Part One of this series, we learned that a fund transfer represents a reallocation of liquid assets from one fund to another. We also learned about the four main situations in which funds transfer money, and how to record a fund transfer in IconCMO. In Part Two, we turn our attention to account transfers… ⪼ Continue Reading…

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

Fund Transfers and Account Transfers, part 1 of 2

June 17, 2014 by Jay 1 Comment

A man's hand handing one hundred dollar bills to a woman's hand.

Fund transfers and account transfers are necessary transactions in any nonprofit organization’s financial activities.  It’s important to understand the difference between a fund transfer and an account transfer, and how you can perform them in IconCMO. In this first of our two-part series, we will explore fund transfers. Try our Church Management Software or request a… ⪼ Continue Reading…

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

Common Church Accounting Mistakes with Checkbooks

May 20, 2014 by Jay 1 Comment

An open checkbook and pen. Clipping path included.

There are some common church accounting mistakes made for a variety of reasons. Maybe it is because the software they are using couldn’t handle the various situations that are needed. It could be a church process that was made a long time ago and when questioned — you get the typical answer, “that’s how we… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church leadership, church technology, cloud computing, fund accounting

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Icon Systems, Inc.
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