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Church Document Spring Cleaning — Easy to Follow Table

April 18, 2012 by Robert Leave a Comment

Spring is in the air! If you are like me, you may feel motivated to do a little spring cleaning around the house. It feels good to get rid of papers, magazines, and other items that have been accumulating all winter. The sweater Aunt Marge gave you for Christmas three years ago that you never… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, church payroll, church reports, contribution statements, cpa, irs compliant software, non-profit

The “You don’t have to be a CPA to learn Fund Accounting” Series: Part 4

April 2, 2012 by Robert Leave a Comment

Two kids in suit and ties conduting a church accounting software review

The way churches structure their accounting really starts at what the accounting standards dictate and what the users want to see in the reports. In essence, the church must start at the end – the reports – and work their way backwards to see what will produce the desired result. Now that we have examined… ⪼ Continue Reading…

Filed Under: Finance Tagged With: church management software, cpa, fasb compliant software, non-profit

What you can learn about Fund Accounting from Garth Brooks

March 22, 2012 by Robert 1 Comment

Earlier this year, CBS News reported that Garth Brooks filed a lawsuit against a hospital in Oklahoma. Both sides had a different story to tell: The hospital claimed the donation was anonymous and unrestricted. Brooks claimed the donation was solicited by the hospital so they could build a women’s center named after his late mother.… ⪼ Continue Reading…

Filed Under: Contributions Tagged With: church reports, contribution statements, donations, fasb compliant software, fund accounting, non-profit

The “You don’t have to be a CPA to learn Fund Accounting” Series Part 1

March 12, 2012 by Robert 1 Comment

Two kids in suit and ties conduting a church accounting software review

In today’s economy, churches often compete with other charitable organizations for valuable member donations. If members are experiencing financial setbacks, they may have less money allocated toward charitable giving. Churches will want to make sure they have their donation and accounting systems set up correctly so that member donations are accurately recorded and donation statements… ⪼ Continue Reading…

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

Is Your Church’s “Big Game Party” Politically Correct?

February 3, 2012 by Robert Leave a Comment

American football player isolated on white background

We were surprised to learn that there are actually rules a church needs to follow when hosting a get-together for the “big game” this weekend. In addition to avoiding copyright infringement, churches have other guidelines to follow such as only showing live events (i.e. no recordings) and not charging an entrance admission, although donations may… ⪼ Continue Reading…

Filed Under: Updates Tagged With: church management software, company announcements, non-profit

Why a Church Balance Sheet is like a Pizza Pie

January 20, 2012 by Jay 2 Comments

According to the Financial Accounting Standards Board (FASB), nonprofit organizations – no matter the size – must produce a Statement of Financial Position. The Statement of Financial Position is a church balance sheet. In the past when viable software solutions were not available, churches would use separate checkbooks to keep the money separate for their… ⪼ Continue Reading…

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

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