Statement of Activities The Statement of Activities is the nonprofit equivalent to an Income Statement and was developed so organizations could track their revenues and expenses by fund. It is a required financial statement for any size nonprofit organization just like the Statement of Financial Position – see how a church’s balance sheet is like… ⪼ Continue Reading…
fund accounting
Why a Church Balance Sheet is like a Pizza Pie
According to the Financial Accounting Standards Board (FASB), nonprofit organizations – no matter the size – must produce a Statement of Financial Position. The Statement of Financial Position is a church balance sheet. In the past when viable software solutions were not available, churches would use separate checkbooks to keep the money separate for their… ⪼ Continue Reading…
You asked, we listened! Awesome Changes to Donations
We made a couple of changes to the donation entry window: Donation Speed Entry: The donation entry screen has been slightly rearranged and modified to allow for fast keyboard access. The “currency type” option was moved up, and you can now use the “Enter” key to move between fields on the entry screen. Allow EFT… ⪼ Continue Reading…
Church Software for Districts and their Churches
The evaluation of district software for churches should take into account the various tasks performed at each level of the organization (e.g. Church, District, Regional, National, World Offices). Capabilities of District Software: The ability to move a church from one regional office to another. Communication capabilities both within a single entity as well as between… ⪼ Continue Reading…
Church Office Software – What Makes it Different?
Church office software has various shapes and sizes. It is appropriate to distinguish between “church software” and “church office software”. “Church Software” – is any type of computer software specifically designed for use by a church”. Church software can encompass different types of software such as: bible verse, media production, donation, accounting, mass emailing, sermon,… ⪼ Continue Reading…
Church Bookkeeping vs Church Accounting Software
Is there a difference between church bookkeeping software vs church accounting software? If so, what is it? Accountingtools.com Defines Bookkeeping Bookkeeping: Bookkeeping involves the recordation of basic business transaction in a recordkeeping system. Merriam-Webster Defines Accounting Accounting: The practice and body of knowledge concerned primarily with: 1. Methods for recording transactions2. Keeping financial records3. Performing… ⪼ Continue Reading…