Understanding the difference between a Household and an Individual is important and is defined as follows: Definition of a Household: A Household is a physical location where people reside and the name of the household represents the adults that are responsible for the location. It does not represent an individual. Definition of an Individual: An… ⪼ Continue Reading…
church accounting software
We made a bunch of enhancements to Accounts Receivable
Grab your party hat, we have exciting news for you! Over the summer, our developers have been busy enhancing the Accounts Receivable (AR) module in IconCMO. Update: the enhancements are now live! I know the list of enhancements is long, but don’t freak out! There are few big changes, mostly little things here and there… ⪼ Continue Reading…
Is Your Church using the Member Portal?
The Member Portal is one of the most useful resources available for church members and staff. And the best part is, there’s no additional cost! It’s already included in your subscription to IconCMO. If you aren’t familiar with the member portal module, it’s a secure self-service login where It’s even mobile-friendly so members can sign… ⪼ Continue Reading…
How to Budget a Church Mortgage Payment
A church budget is important to most church organizations and is a highly-utilized feature in IconCMO. However, budgets can only be set for revenue and expense accounts, which can pose a problem if you want to budget for a liability account such as a mortgage. For example, a typical Mortgage Payment of $1,000 looks like this:… ⪼ Continue Reading…
What Are Pass-Through Accounts?
Pass-through accounts are established when a church collects money on behalf of an organization or event and does not want to record the money as income. These accounts are set up as liabilities instead of revenue accounts since the money will only pass-through the church to another organization. Follow the instructions below to create liability… ⪼ Continue Reading…
Blue light- What everybody ought to know
“Attention Kmart shoppers!” No, we’re not talking about the flashing light that alerts you to special discounts! We are talking about the blue light emitting from fluorescent light bulbs, LED lights, and the screens on our computers, cell phones, TVs, and other devices. Blue light naturally occurs in sunlight and plays a very important role… ⪼ Continue Reading…