Nonprofit and Church Accounting Blog

This accounting blog...

  • informs you when any new web pages appear on my site,
  • shows you the latest question, comment, or tip posted by readers...(please feel free to browse the questions below and answer the ones you feel comfortable answering),
  • let's you know when an error is found in my free financial spreadsheets and how to correct them.

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Jun 22, 2017

Selling My Church

Due to some unfortunate events and shrinking congregation we have decided to close the doors on our lovely little church after 17 years. I am a volunteer

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Jun 19, 2017

Can a home equity loan be included in the housing allowance?

If the pastor already receives a HA that has been agreed upon by the board, and he wants to take out a home equity loan to do some remodels on the house,

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Jun 19, 2017

Where do you post taxes withheld on a ministers retirement fund

Our youth pastor dedicates money monthly to go into a retirement fund thru Guidestone and wishes for the taxes to be paid before payment. He wants to

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Jun 17, 2017

can a church rent a parsonage out?

Can a church rent a parsonage out or have a memorandum of understanding to the parsonage that is owned by the church?

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Jun 17, 2017

Are health insurance premiums paid by our minister pre-tax?

We pay 50% of the health insurance premiums for our minister. I know that this is a non-taxable benefit to him. We withhold the other 50% of the premium

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Jun 12, 2017

Electronic pledge payments

We have a number of members using the electronic payment system. As treasurer, I feel that people should set up their own payments, I am not comfortable

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Jun 08, 2017

Tracking volunteer hours and report

I saw the book on QuickBooks talks about keep track of the hours. My question, at the end of the year you provide a statement of contributions. Do you

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Jun 01, 2017

Housing allowance is part of the my husband's salary

Part of my husband's salary is designated as a housing allowance. So does that part that is housing allowance go on line 1 of the W-2? Say for example

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May 24, 2017

Correct information for Pastor W-2

Example: Our pastor and his spouse receive a salaries, housing, two vehicles with insurance, hospitalization insurance, dental insurance, contributions

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May 24, 2017

accountable reimbursements

I am retiring from my congregation and i have a retirement contract with the congregation They are giving me a certain dollar amount each year for 10

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May 09, 2017

Keep Pledge information confidential

Using Quick Books, how do churches keep the member pledges confidential? Our Financial Secretary is the only person that should have access to who pledges,

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May 06, 2017

Multiple Church Incomes under the same denomination going towards housing allowace

I have an approved housing allowance through my denomination. This is used against my online donations for a church planting pastor (somewhat like missions

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Apr 24, 2017

Quarterly Checking Account Balance Brought Forward

How should the checking account balance brought forward from the end of the previous quarter be recorded in the following quarter report? At our

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Apr 18, 2017

Married Pastoral Couples and Housing Allowance Designation

If a married couple are both designated as ministers, can both have a housing allowance recognizing they will only be able to deduct the actual allowable

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Apr 18, 2017

Daughter Full Time Minister Living with Parents

My daughter is single and still living at home. She has become a full-time kids pastor. If she lives at home can the parents charge her rent and it

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