Our church owned a rental that was losing us money each month. We sold the property, also at a loss, but at least are not losing more money each month. Do we carry the loss until we have paid it off or can it be legally removed?
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!