Knowledge Base – Articles on Church Accounting
I am frequently asked about the rules associated with ministries paying part-time staff a salary and whether or not this is allowed. The answer is [...]
As a church auditor; I find that most ministries prepare their internal financial statements on a cash basis which is most similar to how we all [...]
Structuring compensation packages and employer taxing/withholding of clergy/pastoral staff can be a bit tricky since there are several rules that [...]
Unrestricted Offerings Only Please! Donations received by ministries take on several forms – cash/checks, grants, services, real estate, vehicles [...]
Clergy are afforded many tax advantages; but none are as great as the housing allowance exclusion from personal wages. Most ministries know what is [...]
Donations to the local church and other ministries come in several forms including the donation of real estate, but what happens if the donated [...]
The handling and processing of the Sunday cash tithe & offerings is a critical step in the accounting process and requires appropriate safe guards[...]
Atlas of Giving™ reported in their “U.S. charitable giving: 2013 results & initial 2014 forecast” that total charitable giving to religious [...]
As a responsible steward of the resources that God has blessed your ministry with; you as leaders are probably looking for avenues to maximize those [...]
I am frequently asked to help ministries determine whether some of their church staff are considered employees or self-employed contractors for tax [...]
Payroll taxes are the most common area in which I see that ministries find themselves in trouble with the Internal Revenue Service. Filing quarterly[...]
Churches must prepare their financial statements using Generally Accepted Accounting Principles (GAAP all the time; right? Wrong!!! This [...]
Many churches and other Christian ministries are unaware that they might be able to request a refund from the IRS even though they haven’t paid any [...]
Antioch Capital Partners Aplos Software National Assoc. of Church Business Administrators Religious Product News – Buyers Guide Evangelical [...]
As is the case with all corporations; church corporations have a board of directors that are responsible for the oversight of the ministry. The board [...]
QuickBooks – Fund Accounting There are several differences in the methods used for accounting for churches and other Christian ministries that are [...]
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Latest Blog Posts
I am frequently asked about the rules associated with ministries paying part-time staff a salary and whether or not this is allowed. The answer is [...]
As a church auditor; I find that most ministries prepare their internal financial statements on a cash basis which is most similar to how we all [...]
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