In other words, if you need to do accounting for more than one business, you’ll need to purchase an account for each one. This is a real drawback for owners of multiple businesses or bookkeepers who work with multiple clients. The Early plan costs $15 per month and lets users send up to 20 invoices …
Accounting App Bookkeeping App for Small Business Read More »
Some argue that a pastor’s spiritual insight is beneficial when making financial decisions, aligning them with the church’s mission and values. This draft budget should include all of the requests received from each ministry team and the forecasted revenue and additional expenses. Note that this initial draft will almost always be deep in the red. …
The Pastor’s 5-Step Guide to Church Chart of Accounts Read More »
The best way to avoid losing tax exemption status, is to not give a reason for an audit in the first place. Once an audit is started, the scope of it is almost limitless. The breadth of records that can be audited/examined are below. Successfully dealing with church accounting requires understanding many important ideas about …
Demystifying Fund Accounting for Churches and Nonprofits Read More »
