FCA - Temptation and Accounting for Appreciation

Published: Mon, 10/21/19

FreeChurchAccounting.com

Accounting for Churches and Nonprofits

Oct 2019 Edition

Removing Temptation - Security Procedures

A reader posted a comment inquiring WHY should the individual reconciling your books NOT be the same individual that enters the accounting data and definitely NOT be the same person that writes the checks or controls the monies." (taken from my Church Bookkeeping Error page)

See my reply and add your own comment on this sensitive but very important subject...

Form 941 Due

Your third quarter (July, Aug, & Sept) "Employer's Quarterly Federal Tax Return" (IRS Form 941) is due by Oct 31.

Don't forget state employer's quarterly return where applicable.

Save 15% on Accounting Packages!

Use discount code:

15OFF

Valid Through 10-31-19

Offer good for the Church Accounting Package and Spreadsheet Package or a Combination of Both Packages.
(link to Combo Package in the middle of each page)

How to Account for Appreciation Gifts

It is that time of the year when we like to give our staff and ministers a "gift" to show them how much we appreciate all they do for our church/organization throughout the year. See some Pastor Appreciation ideas.

However...please be aware that those gift cards and love offerings are usually considered taxable income and MUST be reported in Box 1 of their W-2s...or on a 1099 for nonemployees such as guest speakers.

See more on handling staff gifts and love offerings...

Accounting | Administration | Donations | Ministers