Giving statements don’t have to be an administrative task meant to guilt members about their pledge. Instead, they are an opportunity to thank donors and share with them how the LORD is using their giving to change lives.
Why would a pastor want to see the giving records for their church? Most of the time they feel like they need to see the records in order to lead better…not because their curious or slick.
Even in the accounting world, looks matter…at least when it comes to spreadsheets. How you format your spreadsheets can help people see what’s important and see that your spreadsheet is important.
One of the things I take pride in is keeping accurate accounting records and reporting anything that’s out of the ordinary. Something that undermines this is when I accidentally post something to a past period that I’ve already reported on. Unexplained transactions posted in the past makes you look like you’re playing fast and loose…
What’s the worst thing that could happen if I don’t keep the IRS in mind when issuing Giving Statements or something to acknowledge gifts? Well…the IRS could disallow the donors charitable tax deduction which would lead them to have to pay more taxes. This would probably lead to a ticked off donor who will likely…
Finishing up my 30-day free trial of QuickBooks Online. This is the last tip I wanted to throw out. If you’re not using Sub-Accounts in QuickBooks, your reporting is lacking. The only way I know how to get robust reporting for a church is to use Sub-Accounts. Sub-Accounts let you better organize your accounts. They…
I am a believer that many churches’ future is determined by their chart of accounts. The chart of accounts shape the church leaderships view of their finances and affect their decisions. A confusing chart of accounts leads to confused decisions. I know there are many exceptions, but the chart of accounts is one of the…