Tips on how you can make it easier for your organization to record transactions and accomplish the daily accounting work using a church fund accounting system like IconCMO. Now that we know the differences between funds and COA from part one. And have seen an example in part two using families. Then in part three… ⪼ Continue Reading…
fund accounting
Linking Donations to Accounting Part 4
This is the last of our four-part series on the unique IconCMO linking feature between your donations module and your accounting system. Your donation-accounting links give you Part 1 deals with the basics of how to set up your links. Part 2 shows the results you can get with your financial reports and donation statements.… ⪼ Continue Reading…
Linking Donations to Accounting Part 3
This is the third of a four part series. See part 1, part 2, or part 4. In part 1 and part 2 of this series, we looked at how our link between donations and the fund accounting system could be used to handle some regular donations. For this post and part 4, we’ll build… ⪼ Continue Reading…
Easy Church Fund Accounting Example!
Now that we know the differences between funds and chart of accounting, (COA) from part one. And we experimented with a family analogy, in part two, let’s looks at some easy church fund accounting examples. Also, let’s use different names for the funds instead of “the mom fund” and “the dad fund”. Below we will… ⪼ Continue Reading…
Linking Donations to Accounting Part 2
This is part 2 of a four part series. See part 1, part 3, or part 4. In Part 1 of this series, we looked at the following situation: Joe Smith gives $50 to the General Fund – a designation for the money the church can use for its general operations. Mary Jones gives $20… ⪼ Continue Reading…
Linking Donations to Accounting For Easy Posting
Linking donations to accounting is one of the unique features of IconCMO. This is part 1 of a four part series. See part 2, part 3, part 4. Donors expect that churches will be faithful and responsible with their gifts. One aspect of the trust relationship is that churches need to make sure they use… ⪼ Continue Reading…