This is the last of our four-part series on the unique IconCMO linking feature between your donations module and your accounting system. Your donation-accounting links give you Part 1 deals with the basics of how to set up your links. Part 2 shows the results you can get with your financial reports and donation statements.… ⪼ Continue Reading…
Contributions
Linking Donations to Accounting Part 3
This is the third of a four part series. See part 1, part 2, or part 4. In part 1 and part 2 of this series, we looked at how our link between donations and the fund accounting system could be used to handle some regular donations. For this post and part 4, we’ll build… ⪼ Continue Reading…
Linking Donations to Accounting Part 2
This is part 2 of a four part series. See part 1, part 3, or part 4. In Part 1 of this series, we looked at the following situation: Joe Smith gives $50 to the General Fund – a designation for the money the church can use for its general operations. Mary Jones gives $20… ⪼ Continue Reading…
Quarterly Donation Statements for Church Members
It’s Spring! And a person’s thoughts turn to…. quarterly donation statements? OK, maybe that’s not how you would finish the sentence, but it is a timely topic for several reasons, and reaching the end of a financial quarter is just one of them. Why send out quarterly statements? While you are not required by the… ⪼ Continue Reading…
Linking Donations to Accounting For Easy Posting
Linking donations to accounting is one of the unique features of IconCMO. This is part 1 of a four part series. See part 2, part 3, part 4. Donors expect that churches will be faithful and responsible with their gifts. One aspect of the trust relationship is that churches need to make sure they use… ⪼ Continue Reading…
Special Tax-Free Charitable Distributions for IRA Owners
Churches that accept IRA donations may want to consult with their CPA or keep their attention on updates from the IRS about this IRS tax deduction. IRA charitable distributions became law in 2015 by Congress. The following explanation from the IRS’ website should clarify. This provision offers older owners of individual retirement arrangements (IRAs) a… ⪼ Continue Reading…