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…
fund accounting
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…
IconCMO Year-End Processing 2015
Okay, okay! It’s not time to count down until midnight and sing Auld Lang Syne yet. But it is time to start thinking about wrapping up your church’s financials for the year and getting ready for 2023. UPDATE ———————————- IconCMO went through recent changes in 2022 where year end processing for donations is not needed. The… ⪼ Continue Reading…
Church – Having Too Many Checkbooks
Does your church use multiple checkbooks to track money? Were the accounts opened when a new church purpose was needed? Are you tired of reconciling multiple checkbooks? Why does an organization have so many checkbooks? All of these questions and many more should be answered by any organization that is using more than one checkbook… ⪼ Continue Reading…
Cash Flow and How the Church Reacts to it.
Most people have heard the phrase “cash is king” and when it comes to church finances and budgeting through the year, churches would probably agree with this statement. After all, does the church really like to borrow money in the summer months just to make payroll, fund a ministry, or keep the lights on in… ⪼ Continue Reading…