If you haven’t read the first part or second part of this series please take a moment to read them. Assumption #4 – we can use last years numbers and just increase/decrease them a little, commonly called an incremental budget. The interesting thing is that many churches do this type of budget. While it may… ⪼ Continue Reading…
church reports
But I haven’t Spent my Church Budget (p2)
Here’s the second part of a three-part series. If you haven’t read the first part of this series please read it here. Budgets work on assumptions, whereas financial statements work on actuals – what really happened to the money. Let’s look at some assumptions below that arise when ministries say they still have money in… ⪼ Continue Reading…
But I haven’t Spent my Budget (part 1)
How many times have church leadership heard a similar phrase to, ‘But I haven’t spent my budget’, when discussing ministry finances? In working with churches and their accounting systems, which involves budgeting, I see a lot of focus around budgets instead of the standard financial accounting reports approved by FASB (Financial Accounting Standard Board). While… ⪼ Continue Reading…
Archiving Church Members in IconCMO
Archiving is a great way to keep your database clean and your household count low for billing. Changing an individual’s status to ‘delete’, ‘remove’, or ‘archive’ does not archive them. Instead, a simple process can be executed to archive records in IconCMO. Both household records and individual records alike can be archived. Although you can archive… ⪼ 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…
What to do when two members of the church get married
You know how to add a new member into IconCMO. But what happens when two members of the church get married? You already have both of them in your membership database, so you need to merge the two records together. And what happens if they’ve given donations? Let’s say John Anderson and Mary Smith got married on… ⪼ Continue Reading…