Accounting for churches is radically different than accounting for for-profit businesses, or at least it should be. The Financial Accounting Standards Board (FASB: http://www.fasb.org) has defined how accounting for a nonprofit organization differs from a for-profit organization. Icon Systems has gone to great lengths in designing IconCMO to follow these guidelines in order to be… ⪼ Continue Reading…
Finance
Our Interview with Church Accounting Software Guide
Several of us at Icon Systems recently had the chance to be interviewed by the fine folks over at ChurchAccountingSoftwareGuide.com. We think you’ll find it well worth a read! As they wrote: Why this Interview is a Must Read for Anyone Dealing with Church Management and Accounting It answers (from a licensed Certified Public Accountant) some… ⪼ Continue Reading…
Why the Church’s Financials should be Auditable?
Many churches try their best to do everything right and succeed every day in their mission(s). There is one area in the church that can be detrimental even if the best intentions were meant – the church’s books. Once a church loses the trust in the congregation and/or community their reputation as being a trustworthy… ⪼ Continue Reading…
Church Accounting Software Reviewed
Was your accounting software reviewed by an outside CPA firm? … ⪼ Continue Reading…