This post was last updated on October 4th, 2022 at 04:29 pm.
Icon systems has published three eBooks for churches that are available to download from our resource page.
This e-book was designed to help staff and volunteers understand the importance of recording donations of various different types (eg. non-cash vs. cash). Understanding the various methods of giving can help a church generate income when financial times are tough and provide donors the right documentation for their tax returns. Additionally, it helps the church and donors so neither face implications for accepting the donations incorrectly.
Once you have read this e-book, you will better understand
- how to increase and build trusting relationships with your donors.
- what giving options (eg. online, mobile, etc.) churches may choose to make available to their donors.
- general requirements of donation reporting for donors and the church.
- how non-cash donations are properly input into a donation system.
- how vehicles can qualify as tax-deductible donations to the church and how to record them properly.
- recording charitable donations from IRAs and stocks.
- what features churches should look for to find the right software solutions for them.
Accounting is an often overlooked section of church management. This e-book was designed to help staff and volunteers understand the fundamental importance of accounting within the church. Many times little or no attention is paid to church financials except during a time of crisis or when there is an upcoming audit.
Once you have read this e-book, you will better understand
- A church using correct accounting principles in combination with a good fund accounting solution can foresee and avoid a financial crises
- Which guidelines a church needs to follow in order to pass a financial audit
- Which financial standards apply to every nonprofit, including churches of all sizes
- Various financial statements, such as the Statement of Financial Position and the Statement of Activities
- The downsides of tracking funds with revenues or liabilities rather than tracking funds with proper methods
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