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.
Apr 23, 2019
Do I include the pastor in the "Number" of employees on line one or do I just include the non-clergy employees?
We have only 1 employee in our church, the secretary. The pastor is self-employed, but elects voluntary withholding. When completed my 941, do I only
Apr 23, 2019
Reporting Housing Allowance
I agree with your reasoning. Are ministers to receive a W2 with only housing allowance listed in Box 14? I did read the answer to this question in a submission
Apr 17, 2019
Vickeys Bookkeeping Services for Churches
Vickeys Bookkeeping services include bookkeeping for churches and small nonprofits. Contact for more details on our 3 different customizable levels of services.
Continue reading "Vickeys Bookkeeping Services for Churches"
Apr 13, 2019
How to report 100% Housing allowance
If a church were to pay its pastor a small amount and designate it all as housing allowance, such as in your $500 / month example above, how would it be
Apr 13, 2019
Moving monies between funds
Thank you for all of your help using QB within a church. We have been using QB for a couple of years. My question: we recently moved monies out of
Apr 13, 2019
where do I place housing allowance on my IRS form
Where do I place my housing allowance deduction on my IRS form as it is included in my salary?
Continue reading "where do I place housing allowance on my IRS form"
Apr 13, 2019
The church pays the half of the pastor's tax.
My church pays half of the taxes of the pastor quarterly. I know the financial support for his tax from the church should be added to his income. What
Continue reading "The church pays the half of the pastor's tax."
Apr 13, 2019
Sweep Account set up in QUickBooks
Can anyone please explain how you have set up a sweep account in Quickbooks? I had found through some research, that it was to be set up as a sub bank
Mar 31, 2019
How to Spot Bookkeeper Errors for a Church or Nonprofit Organization
Bookkeeper errors are hard to spot for many church administrators. See what to look for to know if your bookkeeper is keeping your books correctly.
Continue reading "How to Spot Bookkeeper Errors for a Church or Nonprofit Organization"
Mar 31, 2019
Ordained Minister part of the year
I work for a church we have a pastor that was ordained part way through 2018 does he have to pay SE taxes of the full amount of his pay? Or pay SE only
Mar 25, 2019
Should minister 401k contributions be included in SS and Medicare wages on W2
For regular church employees, the ss and med wages is increased by their 401k contributions on the w2. Should the ministers' contributions be as well?
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Mar 18, 2019
Principal payment from designated fund
I am making a principal loan payment. I am crediting operating account, debiting designated fund. I am creating the journal entry to reduce the long term
Mar 18, 2019
Church car use by the pastor for church business and personal
Should the Car maintenance and gas fall under the Pastor's benefits or Church Operating Expense on the budget item line?
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Mar 15, 2019
State tax law and minister housing allowance
I understand that the IRS allows that housing allowance is not included in gross income. But what about state tax laws. Do they follow the IRS guideline
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Mar 12, 2019
Housing Allowance for Ministers
A housing allowance is a great tax benefit for ministers. See how to set up and administer this allowance. Q and A forum.
Mar 10, 2019
W-2 or 1099
I am a church secretary and also a member of the church. Should I receive a 1099 or a W-2?
Feb 24, 2019
"designating all salary as housing allowance" debate rages on
Our small church is lucky enough to own a parsonage. How much would that affect designating funds as housing allowance? The fair market value is quite
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Feb 24, 2019
Housing allowance for non-church 501 c 3 organization
A chaplain created a 501 3 c for his chaplaincy ministry. Can that ministry board designated a housing allowance for the chaplain?
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Feb 24, 2019
Major Appliance purchases
When an appliance is purchased on a payment plan, when does the expense become part of housing? The full amount at the time of purchase or the monthly
Feb 24, 2019
online banking
A retired businessman thinks our church can save money by using on-line banking to pay our bills. But we are concerned about a paper trail for audit
Feb 24, 2019
Pastor Filing 1099
This is our first year that our Pastor has received an occasional stipend from our church. How do we go about reporting this #1 for our Pastor and #2
Feb 09, 2019
W2 with no wages but only housing allowance and federal tax withheld
This is my first time filing taxes as a bivocational pastor. I only take a housing allowance from the church. I had them withhold federal taxes on
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Feb 09, 2019
Child care costs
Our worship leader performs the task as a ministry to the church (he takes no salary). However, he has asked for child care reimbursement, as the time
Feb 09, 2019
Pastoral Education Reimbersement
We have a salaried Youth Pastor who is working toward his divinity degree. As part of the agreement the church has with him, he is reimbursed for any school
Feb 06, 2019
Housing Allowance Approval
Is there a process to get approval from the Federal Government before claiming housing allowance? Some sort of form to submit?
Feb 06, 2019
Reimbursement of Church Expenses
We received donations from church members for a reimbursement of a mission leader appreciation dinner. I do not know how this should be added to QBO!
Feb 06, 2019
Refunding a restricted donation
Does anyone have a sample of a letter to go along with a refund of a restricted donation that was requested by the donor?
Feb 06, 2019
Events Income
We are trying to make sure our chart of accounts is categorized correctly. Besides our tithes and offerings, which we categorized as non-profit revenue
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!
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