Managing Church Finances: Choosing Ushers Wisely
Choose Ushers Wisely – Here are tips on screening, selecting and training ushers on handling money. Your ushers are at the heart of the internal controls necessary in setting up your...
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Managing Church Finances: Envelope Tampering
In looking at systems of internal control needed in the handling of church finances, we need to examine the control measures needed during the actual collection other of the offerings....
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Church Payroll Deadline: Mail W-2’s to the SSA by 3/31
If your church or organization provided compensation to employees, temporary or seasonal workers this income should be reported on a W-2 Wage and Tax Statement. Compensation can include cash as...
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Managing Church Finances: Church Accounting Guidelines
Let’s look at how we can set-up church accounting guidelines for handling of the church finances. In the accounting world we refer to this as internal controls. One very common and...
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2014 Mileage Reimbursement Rate
The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on...
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4 Most Important Things That Should Be on Your Contribution Statement
Is your church or ministry issuing IRS compliant contribution statements? Imagine what would happen if your pastor’s tax return or a member’s tax return was audited and the IRS requested...
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5 Steps to Get Your 501c3
I’m going to give you this really simple – well kinda simple checklist to get your 501c3.  It’s not all inclusive, but its here just to give you an overview...
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Business Credit Cards
Does your church or ministry use a business credit card? If you’re the bookkeeper and your ministry is using a debit card or credit card, I know you have your...
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How much ministerial debt is too much debt?
Lenders use a formula called the Debt Coverage Ratio to determine whether a ministry’s debt is reasonable or too high.  The Debt Coverage Ratio compares the borrower’s annual net income...
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Don’t throw away your bank and credit card statements.
OMG! I’ve seen this one too many times. Here’s the scenario.  The pastor or other board member receives all the monthly bank statements and credit card statements.  They look over...
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