Fund accounting is a method of accounting and presentation whereby assets and liabilities are grouped according to the purpose for which they are to be used. "Fund Accounting" creates a distinction between restricted and unrestricted funds.
In a church, ministry, or nonprofit, money is often given for a specific purpose. These gifts are "restricted". An example would be if a generous donor gave your church $20,000 for a new fellowship hall....that money would have to be kept separate from the general fund in the church's accounting records.
You would not be required to open a separate bank account, but in your accounting records, all expenses and future donations for that hall should be recorded in a separate fund account.
These are just a few of the challenges church and nonprofit financial administration face. There are many questions that have to be answered and researched in church accounting such as:
Hello, my name is Vickey Boatright. I am a fund accountant for a non-profit organization that I have worked for almost 10 years; and the chief financial adviser for my church that I have attended for over 36 years.
As my church's financial adviser, I have always researched and studied church accounting. I built several accounting spreadsheets for our church secretary who was trying to keep track of all our church's finances on paper.
Other small church treasurers, secretaries, and pastors asked me to build some for them and I begin to see a need for free accounting software for small churches and nonprofits.
So I built this site. I hope you find what you are looking for regarding small church and nonprofit accounting here...if not just let me know!
Want tips, ideas, and articles on nonprofit and church accounting? Sign up for my free newsletter Stewardship and receive free accounting software as my special thank you gift:
Church and Nonprofit Accounting
The Accounting Blog will insert reminders when payroll forms are due in the U.S. and will also keep you up-to-date with all the changes and additions to freechurchaccounting.com
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Free Newsletter: Stewardship -- Keep Up-To-Date With Your Church Accounting
Stewardship is a free newsletter that informs readers of new church accounting news, important tax dates, and new exciting discounts and deals on church accounting products.
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Free Spreadsheets to track Church and Non-Profit Expenses
Stressed out trying to keep all your church or nonprofit accounting on paper? Try these free spreadsheets.
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Instructions for Free Spreadsheets
Instructions for free accounting spreadsheets. Learn how to set them up and use the free spreadsheets.
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Excel Spreadsheet Tips to Customize Your Free Excel Spreadsheets
Excel spreadsheet tips to modify your free excel spreadsheet templates.
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Freebies for Your Nonprofit and Church Accounting
Multiple freebies for your Church or Nonprofit. Payroll forms, samples of contribution letters, and many more forms.
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Basic Accounting Concepts
Basic accounting concepts you need to understand in order to make setting up your accounting system easier.
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Basic Church Accounting - Understanding Basic Accounting Concepts
This eBook covers basic church accounting concepts. It includes samples of financial statements, accounting entries, and much more.
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What is Fund Accounting and How Do You Utilize It.
Fund accounting is a method of accounting used by manychurches and nonprofits. Its main purpose is good stewardship of church and nonprofit resources.
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Understanding Financial Statements for a Church or Nonprofit Organization
Preparing and understanding financial statements for a church or nonprofit. Examples and explanations included.
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Church Accounting Software Reviews
Which church accounting software is best for your church? See what you need to look for in nonprofit accounting software and what other church administrators are saying about their accounting software
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Contributions Receipts and Annual Contribution Statements
Contributions receipt rules have changed in the last few years. Do you know the new rules?
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Church Contributions: Handling and Acknowledging Charitable Contributions
Church contributions are the life blood of your church. Learn when you need to issue a receipt and what kind of receipt to issue.
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Sample of Annual Contribution Statement or Year-End Letter.
The Sample Annual Contribution Statement, also called a Year-End Letter is yours to take, adapt, borrow from, and use as you see fit.
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Church Contribution Database
Church contribution database is an easy to use program that keeps tracks of church members contributions and information
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Building a Church Budget
A church budget is an action plan for the ministry and mission of your church. Learn what kind of budget to prepare and what categories should be included.
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7 Church Budget Tips
Church budget tips to help you with your church budget preparation
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Nonprofit or Church Audit Procedures
A non-profit or church audit can be beneficial for your financial staff, your donors, and your organization. Learn what a church audit is and how to prepare for it.
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Tax Exempt Status for Churches and Nonprofits.
Find out what the tax exempt status qualifications are for churches and nonprofits.
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Internal Controls to Keep Your Church or Nonprofit Safe
Internal Controls can be a sensitive issue in churches, especially those that rely on volunteers. However, a good system of internal controls is essential for your church.
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Financial Responsibilities: Roles and Duties for Your Church Volunteering Staff
Financial responsibilities outlined for for your church volunteers. Church Treasurers and Secretaries" lists of responsibilities.
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Records Retention Schedule for Churches and Nonprofits
Records retention schedule to find out how long to keep your records and documents.
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Setting Up an Accountable Reimbursement Policy Plan
An Accountable Reimbursement Policy: What is it and why should your church or nonprofit have one?
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Clergy Tax, Also Called Minister Tax Receive Special Tax Treatment.
Clergy tax: What your church needs to know before writing the pastor's paycheck.
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Setting Up a Housing Allowance for Ministers.
A Housing Allowance is a great tax benefit for ministers.
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Estimated Taxes for Ministers
Tips for filing estimated taxes for ministers. Do you need to send estimated tax payments and if so how much?
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Step-by-Step Payroll Guide for Churches
Do it yourself with this step-by-step payroll guide for setting up a simple payroll system for your church.
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Payroll Taxes: Withholding and Remitting Them to the IRS
Payroll Taxes: Is your church or nonprofit required to withhold payroll taxes? Discover what is required and how to remit them.
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Payroll Tax Forms: How to Fill Out and Remit Form 941
One of the most important payroll tax forms is the IRS form 941 in which you report and pay federal payroll taxes.
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Form W-2 Information and Instructions
Form W-2 tells the IRS, the Social Security Administration, and the employee the amount of wages and withholdings for the year.
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Form 1099-MISC Information and Instructions
Learn when and to who your church or nonprofit organization should send an IRSForm 1099-MISC to.
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Annual To-Do List: IRS Forms
Annual To-Do List. Don't ever miss an IRS due date again.
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QuickBooks: Accounting Software for Small Churches and Nonprofits
QuickBooks is easy to install, easy to navigate and easy to maintain and is an affordable, sensible choice for smaller churches and nonprofits that have a limited budget and manpower.
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Church Accounting Package
The Church Accounting Package includes 6 Downloadable eBooks about church giving and basic accounting and 2 Downloadable Spreadsheets for 1 incredible low price.
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Church Office Supplies Savings
Learn how to cut costs on office supplies for your church and nonprofit.
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Fundraiser Tips and Ideas
Discover ten fundraiser tips for a successful fundraising campaign.
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Pastor Appreciation on a Budget
Do you know that the way in which you show pastor appreciation directly affects the quality and length of your pastor’s ministry?
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Christian Humor 2: Add a Little Laughter into Your Day!
Christian Humor 2: Second series of Christian jokes and stories.
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Contribute Your Church Accounting FAQs, Helpful Answer, Comments, or Tips
Church accounting FAQs, time-saving tips, and helpful ideas for small churches and nonprofits to help and be helped.
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A Church Web Site: Do You Need One?
A church web site can increase membership, raise funds, keep members informed of activities, and be a blessing to those shut-ins that cannot attend regular services.
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Site Search for Freechurchaccounting.com
Can't remember which pages feature church budgets or noncash contributions? Freechurchaccounting SiteSearch solves your problem.
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Resources and Links
Links to other helpful web sites and resources.
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Privacy Policy for www.freechurchaccounting
Privacy policy to protect your privacy rights.
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Disclaimer for www.freechurchaccounting.com
Disclaimer for www.freechurchaccounting.com
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Contact Me
Contact me if you have any questions.
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Information About Me
This page is about me. It tells who I am and how I built this site.
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