Bookkeeping & Accounting
Bookkeeping for Churches and Non-profits
Payroll for Pastors offers bookkeeping for churches, nonprofit organizations, and other businesses. We know you’re on a budget and we don’t want to charge you for services that don’t save you time. We’ll work with you to determine which services make sense to your business. With our accounting system and services, you have a better grasp regarding cashflow and reduce transaction errors. We use QuickBooks Online for our bookkeeping clients, but we are also familiar with many other church packages.
What is Bookkeeping?
Recording and categorizing transactions makes it easier to process and interpret the financial information crucial to your organization. You can easily see who you owe money to (your accounts payable) and who owes you money (your accounts receivable). If you need to borrow money, you can quickly access financial statements to send to lenders so they can fund your loan. You can also budget for the future based on past financial information, making it easier to find ways to increase revenue and decrease expenses.
Keeping detailed financial records helps keep you in control of your business finances. By outsourcing bookkeeping, it allows you to keep your records up to date and accurate, while focusing more on managing and growing your business.
We use QuickBooks Online for our bookkeeping clients, but are familiar with many other accounting packages.
Bookkeeping vs Payroll
Sometimes we confuse bookkeeping with payroll, since both have to do with transactions and keeping track of money. However, these two things are not quite the same. Accounting for payroll is a small part of your bookkeeping accounting principles and financial reports. Bookkeeping accounts for payroll, sales, benefits, expenses, donations, and all of your financial records.
We’re available to assist with your bookkeeping and accounting needs. We’ll reconcile, make any necessary journal entries and prepare monthly financials. We use QuickBooks Online for our clients so we both have the access we need.
Why Bookkeeping is Essential?
Bookkeeping for small churches and medium-sized churches provides internal controls to better track how your cash flows into and out of your religious organizations for more accurate records. A pastor only has to look over the information at a glance to understand what is being spent on church upkeep, janitorial services, employee benefits, and payroll.
