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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Mar 19, 2017

moving expenses & storage unit expenses

I am a retired minister. I have 2 questions re Housing Allowance. 1. I have placed furniture and other household goods in a storage unit until I can

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Mar 19, 2017

Position Absolved, When Does Housing Allowance End

I was a full time minister for 2 and a half years and then left my position in August of 2016. I took a housing allowance during that whole time. Are

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Mar 19, 2017

Renting Guest House and how it affects housing allowance.

I am looking at purchasing a property with a guest house. If I choose to rent out the guest house (to family...don't know if that would change anything)

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Mar 19, 2017

Does a minister receive Social Security benefits once he reaches retirement age?

Our pastor of 26 years recently asked me a question that I thought was cut and dry, but in reality I don't think it is quite as cut and dry as I originally

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Mar 19, 2017

Senior Pastor Bonus

As part of the hiring package, our senior pastor was offered an annual bonus, based on YE net income if applicable. How is this posted in quickbooks?

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Mar 19, 2017

Cell Phones

What is the best practice for personal cell phone reimbursement for the Pastor? Should it be added to the Salary or paid as reimbursement? Paid directly

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Mar 13, 2017

How to reimburse a pastor for lost wages from his secular job to attend a conference

The pastor of our tiny church receives his entire compensation as housing allowance. He also works a secular job. He would like to attend one or two

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Mar 09, 2017

Receiving ministerial pension and wages and housing allowance- can I use my expenses against both incomes?

I am receiving a ministerial pension benefit from the Methodist church and I am allowed to treat that income as all housing allowance since I am retired

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Mar 09, 2017

1040-es and 1040 at income tax filling season.

My question comes based on this scenario: Our pastor is working a secular job where he gets his W-2 every year with all taxes already taken out. But

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Mar 09, 2017

Where to report housing allowance not shown on W2

I am a salaried chaplain employed full time by a health care organization. The organization has confirmed my entitlement to a clergy housing allowance

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Mar 07, 2017

Should a pastor recieve additional compensation payment that is outside of the payroll check?

The pastor at our church is an employee of the church and receives a paycheck regularly. In addition to the paycheck a separate check (non-payroll and

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Mar 05, 2017

How do I report my HA with no other "church" income?

We pastor a small church (35 people), and have not ever taken a salary, but had a pre-approved housing allowance (for up to the rental value of our home)

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Mar 05, 2017

Unwanted Designated Gifts

My church's financial balance sheet has monies set aside as part of designated gifts that were collected over the years. The church does not have any

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Mar 05, 2017

Cash Payment with No Receipt

Anyone know how cash payments ought to be made to people who perform services for our church? As the Pastor, I authorized one of our elders

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Mar 01, 2017

Contribution Records retention guidelines

How long do I need to retain records of contributions to the church? The church I work for has been saving them forever, including the numbered donation

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