Year-end Contributions 2022
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. The proper dating
Financial Reporting
Year-end Contributions 2021
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. This is especially
SBA PPP Loan Forgiveness Spreadsheet
If you’ve received a Paycheck Protection Program loan from the Small Business Administration, it is very important to proactively approach your use of the funds so that you can maximize
How can funds be carried over to a future year?
Frequently at this time of year, an organization will want to use excess funds from a previous year for something in the future. Remember, by definition in a non-profit, all unused
What Policies and Procedures Should a Congregation Develop?
Every congregation has financial policies and procedures, both written and unwritten. Policies clarify expectations and increase compliance among volunteers and staff. Procedures provide reminders and assist in training. How can
What is Accrual Accounting?
During the Q&A of a recent webinar, a participant asked, “What is Accrual Accounting?” It is one of the primary “best practices” for non-profit organizations, since it provides a more
Spring Cleaning
Time for a bit of spring cleaning? What are the recommendations for the retention of the various kinds of financial records? In addition to protecting the history of the church, you
Bi-weekly pay difficulties
Historically, Friday has been payday — at the end of the week, employers would pay their employees for the week’s work. More recently with the advent of direct deposit and
Year-end Contributions 2016
As the end of the year approaches, it is important to document contributions properly, so that donors may deduct the charitable contribution on their income tax return. This involves dates, bookkeeping, and
New deadlines for W-2s and 1099s
The IRS has changed the employer deadlines for filing W-2 and 1099 forms, effective in January 2017. The January 31st deadline for an employer to send the forms to employees