Spring is coming! Well at least in my part of the world =) It is also the time of the year that many church and nonprofit administrators start working on editing or cleaning up their COA (chart of accounts).
Tip: Unless you are a HUGE organization....300 + accounts is too many! An example of "trimming down" is to merge "too-detailed" sub-accounts. You do not really need to build and name each sub-account under Dues/Subscriptions: Mailchimp, Dropbox, Google, MSFT, etc.. If you need all of that detail, run a Vendor report. Less is "usually" better when it comes to COAs.
Another tip.... if you use account numbers, please use the correct numbering system.
One day you may need an accountant, bookkeeper, or financial institution to look over your accounting system or financial statements and you are going to really confuse us if you are not using the standard numbering system =)
See tips on creating or cleaning up a chart of accounts and how to use that standard numbering system ...
I built a new Facebook page...which was an accomplishment for me as I am quite Facebook "challenged" =) I am working with a marketing coach and she has challenged me to get at least 200 additional likes before my next session with her on Monday.
SOOO...could you take a minute to click on the image in this article or link below and like my page?
I promise to work hard to make sure you don't regret "liking" my fb page =) I will be posting informative articles, bookkeeping tips, my monthly newsletter, and helpful articles from other sites to keep you updated on all current events affecting churches and nonprofit organizations.
I did a consultation with a client the other day that was shocked and dismayed to discover that he was not going to be able to claim over $10,000 in employee expense deductions on his personal tax return as he had always done in the past.
"I am a congregational president who REALLY needed an instructional book that could give me 1) an overview 2) as well as some pointers and how to do X. This book was perfect. It is practical, to the point, and doesn't waste your time with detail after detail so that you cannot find the forest for the
trees. There is a clear path.
This book is ideal for 1) the small or startup church or 2) the church that has been around for 50+ years and has picked up a bunch of bad habits. I will leave you to guess which is true in our case - T Fleming"
One of the many testimonies of church administrators that have purchased and loved this resource book! Get 10% off by using the discount code: FCA.
The How-To Guide for Churches is a must-have reference for all the nuts and bolts of church accounting no matter what accounting system you are using...