Category: CHURCH FINANCE TIPS

2014 Mileage Reimbursement Rate

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

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 […]

4 Most Important Things That Should Be on Your Contribution Statement

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

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 supporting […]

Business Credit Cards

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

Does your church or ministry use a business credit cards? If you’re the bookkeeper and your ministry is using a debit card or credit card, I know you have your […]

How much ministerial debt is too much debt?

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

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 […]

Don’t throw away your bank and credit card statements.

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

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 […]

Remember to keep personal finances

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

Remember to keep personal finances Remember to keep personal's finances separate from the church/ministry. Otherwise it will catch up with you some day. We will help you get organized, get […]

Did your church/ministry board…

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

Ministry board Did your church/ministry's board approve your last pay raise? Or those paychecks you’ve been writing to yourself? Uh Oh! We will help you get organized, get in compliance […]