It seems like we read about another data breach daily. As churches move more of their operations, including accounting and contributions, to the iCloud, it is increasingly important to be… Click To Read More "How Secure is Your Network?"
As the old saying goes, you only get one chance to make a first impression. I recently read an interesting article about a church that saw a 30 percent increase… Click To Read More "First Impressions"
Timely reconciliations of all bank accounts are a critical function of your accounting personnel. It is necessary to verify that the account balances are correct and helps to detect any… Click To Read More "Reconciling Your Accounts"
The most important function of your finance or accounting team is to produce timely and accurate reports. Churches have a legal requirement to keep and maintain complete and accurate financial… Click To Read More "Timely Bookkeeping"
When a church has excess cash that it does not need for a while (i.e. money set aside for a future building program), the issue comes up regarding how to… Click To Read More "Insights for Investments"
We often get questions regarding the tax deduction of personal days that are part of a business trip. In order to deduct all travel expenses, you must spend 50% of… Click To Read More "Business Travel"
In December, Congress passed a law that allows small employers to once again reimburse an individual for health insurance premiums without incurring a $100-per-day penalty. To qualify, the church must… Click To Read More "Health Insurance Reimbursements"
Continuing our discussion regarding minimum wage and overtime rules: The new rules, which are set to take effect on December 1, 2016, might be delayed until June 1, 2017, pending… Click To Read More "Overtime Rules, Continued"
There has been a lot in the news lately regarding minimum wages and new overtime rules. Churches need to be aware of these changes, and make sure that they are… Click To Read More "Employee Wages"
One of the most important roles of accounting is to keep data safe. This is especially true regarding payroll information, W-9 and 1099 forms that have social security numbers on… Click To Read More "How Secure are Your Files?"
Ideally, a church will have an annual budget and will monitor the actual monthly income and expenses compared to the budget to make sure they are on track. This allows… Click To Read More "Financial Checkup"
Previously we discussed what assets should be included in the “Fixed Asset” section of the balance sheet. Properly recording the assets results in a stronger balance sheet and also moves… Click To Read More "Church Balance Sheet (Part 2)"