Church Payroll Software Cost and its Benefits One option for churches is to outsource payroll responsibilities. Payroll services typically charge $1 or more per check, with a minimum fee of $10-25 each pay period. Additional fees are often incurred for quarterly reports and W-2 preparation. These fees can amount to a substantial number over time.… ⪼ Continue Reading…
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The Secret to Affordable Church Payroll Software! – Part 1
Payroll is one of the most difficult, time consuming, and costly administration tasks churches repeatedly encounter. Churches of all sizes are required to use “fund accounting” as described by the Financial Accounting Standards Board (FASB) guidelines. Fund accounting is a specialized way of accounting designed for nonprofits; if you use this accounting method we recommend… ⪼ Continue Reading…
7 Steps to Maintaining your Church Tax Exempt Status
Jean Hemphill, Esq. did a wonderful write up of what to look for in church software. Below is just a summary of some of the information you will find. Know what regulations pertain to churches and what organization creates them. Filing the right paperwork quarterly and annually. Ensure staff is properly paid as per the… ⪼ Continue Reading…
Why Church Accounting is Important
At Icon Systems we are always looking out for our clients and wanted to pass this information on to you. Does your current software provide the right financial reports for the IRS? Ask the 3,000 organizations in Orange County, CA that lost their tax exempt status and it came down to not filing their financial… ⪼ Continue Reading…
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…
Church Accounting Software Reviewed
Was your accounting software reviewed by an outside CPA firm? … ⪼ Continue Reading…