Best Practices for Payroll Account

Payroll Practices

We currently have a general fund account, savings account, and a payroll account. For payroll, we transfer funds from the general account to the payroll account when we run payroll.

This was setup by a prior bookkeeper. Is this a fairly standard practice or do most churches run payroll from their general operating account? We use a third party payroll processor.

Comments for Best Practices for Payroll Account

Click here to add your own comments

Feb 28, 2016

Best Practices for Payroll Account
by: Anonymous - MN

We use Intuit as the third party Payroll and our General Fund checking account to draw payroll. I really do not see any need of having a separate checking account for payroll to be drawn and expose yourself to not getting funds XFERed from General to Payroll in time to cover payroll.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Church Accounting FAQs.

Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!

Contact Me!