This is the second of a three-part series. In this blog we’re going to review the order of the chart of accounts, account numbering, how the order of accounts translates to reports, some do’s and don’ts, and finally the two main methods of accounting – accrual and cash-based. In the third article, we’ll review why… ⪼ Continue Reading…
Quickbooks For Church Accounting
When choosing a church accounting package, the first question that should be asked of any package is — does it obey the Financial Accounting Standard Boards (FASB) Topic 958 and other rules set forth by GAAP and the IRS? If the software doesn’t enforce strict guidelines to follow these rules, then it really doesn’t matter… ⪼ Continue Reading…
Reopening Churches After COVID-19
As summer time approaches for churches in the US, there are mixed emotions of happiness, sadness, and everything in between. Churches reopening for worship is a big news story as many states are working towards reopening. Some of the options states have given are allowing church buildings to be filled to a certain capacity, open… ⪼ Continue Reading…
IconCMO Has NEW Text Messaging
Send mass texts to your congregation or groups and keep everyone informed. We’re excited to announce that IconCMO now has the ability to send direct text messages to members of your congregation. Have you ever had a last-minute change in plans and had to let a lot of people know fast? A mass email would… ⪼ Continue Reading…
Church Software Mobile Apps – IconCMO Set Up
Our IconCMO church software mobile apps for Apple and Android are designed for you to log into your database with member portal login credentials. By using member login credentials, you’ll open IconCMO in a nice mobile interface. Also, the mobile interface has a directory that will work on your iPhone or Android device. (Note: We… ⪼ Continue Reading…
There is no money in Revenue and Expense accounts
That’s right: revenue and expense accounts carry no balance of money. When bookkeepers don’t realize this principle of double entry accounting, it can lead to a lot of problems and frustration. A good church accounting software uses double entry accounting and complies with FASB standards. IconCMO’s fund accounting software does both. Double entry accounting is… ⪼ Continue Reading…