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non-profit

3 Reasons For-profit Financial Software Doesn’t Work

March 2, 2021 by Jay 1 Comment

Financial Data outline icon. Thin line style icons from personal finance icon collection. Web design, apps, software and printing simple financial data icon.

Financial software comes in many shapes and sizes for various industries. Each industry requires unique financial transactions to be carried out by its software. Financial software packages that are rooted in the for-profit world have one major devastating flaw. They fail miserably when used in churches or governmental accounting. Then, why are these packages sold… ⪼ Continue Reading…

Filed Under: Finance Tagged With: budget, church management software, church reviews, non-profit

Fund Accounting Software for Churches

February 16, 2021 by Jay

A diagram showing donations received into the revenue account and checkbook. It shows the various entries needed for a nonprofit organization.

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…

Filed Under: Finance Tagged With: church accounting software, donations, fund accounting, non-profit

Donation Receipt Requirements For Nonprofits

September 28, 2020 by Jay 1 Comment

Donation receipt requirements are an important consideration when looking for church software or auditing the current solution to ensure it has all that’s needed. Having the appropriate donation receipt allows your donors to ensure they can take their full tax deduction. While the tax deduction that the donor receipt facilitates isn’t the only reason to… ⪼ Continue Reading…

Filed Under: Contributions Tagged With: church reports, donations, fasb compliant software, irs compliant software, non-profit

Church Accounting vs. For Profit Accounting

March 10, 2020 by Jay 1 Comment

church accounting drawing that shows how money flows through a church accounting system starting at donations, and then through to the accounting side funds.

There are major differences between not-for-profit accounting and for-profit accounting. We break this down in several areas in this post. First, we’ll go over an example of for-profit accounting to get our feet wet. Next, we will move on to the not-for-profit, more specifically church accounting. In each section, we will review what questions each… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church leadership, fund accounting, non-profit

Church Accounting Software – Is It Important?

February 18, 2020 by Jay 1 Comment

Church accounting software is important. We go over why its important, best practices, pitfalls, requirements, history, and for-profit vs not-for-profit.… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church accounting software, church management software, church payroll, church reports, fasb compliant software, fund accounting, irs compliant software, non-profit

Create Recurring Donation Batches in IconCMO

June 6, 2019 by Carrie Leave a Comment

picture of credit card for online donations with money behind it

Did you know that you can create a batch of recurring transactions? After a recent focus meeting, we’ve discovered that many organizations using IconCMO are unaware of how to duplicate batches. It’s a handy tool that can save you a lot of time. Here’s how it works: Once the duplicate icon is clicked a sub-screen… ⪼ Continue Reading…

Filed Under: Contributions Tagged With: church management software, irs compliant software, non-profit, online donations

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