General tools just won't cut it- You need true fund accounting
Aplos is specifically built to serve the unique financial needs and dynamics of nonprofit groups and faith-based organizations. You can confidently manage your books, financial health, and bottom line the right way, the first time and every time.
Perfect for both large and small organizations
Advanced accounting tools and beautiful reports for organizations that need them
World-class fund and donor accounting features specific to the needs of nonprofits and churches
Aplos is a robust accounting system that allows you to keep track of your grants, programs, and fundraising so you can give your board clarity on your finances.
When it comes to church giving, it is extremely important to accurately track tithes and offerings, not only for legal and moral reasons, but also to keep your members happy. The church isn’t a building. People are the church. Managing and stewarding them, and tracking their gifts within the fund accounting framework requires time and organization. But one of the most unique things about managing church finances can also be one of the biggest headaches if you aren’t prepared with a good system.
How do you track contributions separately from other income?
Many churches think all income received is tax-deductible. However, some forms of income shouldn’t show up on a contribution statement. If a person receives goods or services in exchange for income, such as a stay at a retreat or a meal at an event, those transactions or portions of a transaction should not appear on contribution statements as tax-deductible.
If your church’s accounting software does not enable you to produce reports for tax-deductible and non-deductible giving by person, it may be necessary to keep a separate log of your contributions in Excel that notes the person’s name, date, amount, and purpose of their gift. Those who use Aplos only have to track a contribution once for giving statements and accounting. Plus, if you receive online giving through the system, Aplos tracks those gifts automatically!
What are you required to provide to those who give?
People who gave gifts of $250 or more must receive a written statement from the church. Typically, the church sends this annually by January 31 so people have time to file their tax returns. But there is value in sending a statement to even your smallest giver to let them know their gift is appreciated.
The contribution statement must include the organization’s name, the contributor’s name, the date(s) of the contribution(s), and the amount(s). It must also include an explanation about whether the church provided any goods or services in exchange for the contribution. For example, include a statement such as the following: “You did not receive any goods or services in connection with these contributions other than intangible religious benefits.”
While annual statements are required, many churches find that sending monthly or quarterly statements can boost giving, particularly when they are partnered with dynamic content that really showcases the value of your mission.
It may seem obvious, but it is important to thank those who help support your church’s kingdom work. Tell the story of the impact you are making together, and share your vision for upcoming opportunities. This helps build trust that you are stewarding your resources well.
Do you have what you need to accept giving online? Explore some tools in Aplos Software that can help your church manage your tithes, offerings, and donations online. You can try it free for 15 days!
Free eBook: 5 Online Giving Fundamentals
Many churches accept tithes and offerings online. Our eBook shares the latest in online giving to help you make an informed decision for your church. This free eBook provides info about:
Defining online giving
Digital trends and demographics on who’s using it
What Scripture says about online tithes and offerings
Key features of online giving software
How to implement online giving
Collapse
Expand Video
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.