Much like businesses, churches receive money, spend money, purchase inventory, pay bills, and transfer money between banks. Keeping up with these daily, weekly, or monthly transactions will speed up your…

It’s important that you mine the right financial data in order to understand the financial health of your church. While most businesses can get by with two reports, there are…

Setting up your church chart of accounts correctly is the mandatory first step toward accurate fund accounting. It is the foundation that all other accounting tasks will build upon, and…

According to the IRS, an unrelated business income is an activity that is unrelated to the organization’s goal, according to these three requirements: 1. It is a trade or business.…

Did you know accounting has been around for thousands of years? We can trace it back to ancient civilizations. Abilkisu sat inside a stone cubicle in the bullpen of Mesopotamia…

Pastors may receive money from their church for housing. But when it comes to the housing allowance a.k.a. rental allowance a.k.a. parsonage allowance, what are they? As I mentioned in…

Churches are complex organizations that need special church financial software to help them make decisions and demonstrate transparency. The best church accounting practices start with a fund accounting system that…

Whether your church is large or small, it likely has some fixed assets, so it’s important to know the requirements for tracking those assets. Accurate accounting is essential for stewarding…

Are you a CPA who serves nonprofit organizations or churches? If so, you likely do it because you have a passion for making a difference in the lives of others.…

A capitalization policy will help determine whether an item your organization buys is a regular expense or a fixed asset. Organizations use a capitalization policy to set a threshold for…