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.

Feb 19, 2018

HA for Youth Pastor approved after the fact...

Our new Youth Pastor's housing allowance didn't make it in the budget approval prior to the new year, however, we did call a special meeting in January

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Feb 18, 2018

Accountable Reimbursement Plan Guidelines

Review the 3 requirements for accountable reimbursement plan reimbursements to be considered accountable.

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Feb 14, 2018

Money Counts 9

Installed a new HP OfficeJet 6978 printer. Also have large Toshiba copier in the office. The HP is set as the default printer, but in check pay the system

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Feb 11, 2018

Understanding Financial Statements for a Church

Preparing and understanding financial statements for a church or nonprofit.

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Feb 11, 2018

Aplos Software for Church and Nonprofits

Aplos Software recommended by FreeChurchAccounting.

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Feb 11, 2018

Love Offerings (Gifts): Taxable or Not?

Love offerings should follow a guideline to determine if they are taxable to the recipient and tax deductible to the donor.

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Feb 11, 2018

"Freewill " offering for performing quartet

Our church is planning on allowing a quartet that performs sacred music to hold a concert at the church. The quartet wants to collect a freewill offering.

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Feb 11, 2018

W-2 Form

Youth minister (part-time). Salary is $20,600. Expense allotment is $12,000 (accountable reimbursement). Housing allowance is $8600. Do I do a W-2

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Jan 30, 2018

Non calendar fiscal year

We are on a July 1 to June 30 fiscal year. How do we handle the housing allowance? Vickey's Reply: Housing allowance payments are totaled and reported

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Jan 30, 2018

W-2 Reporting

How to report on the W-2 employee paid 403b and Health insurance payments deducted from employees salary?

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Jan 30, 2018

Retired Clergy Christmas Bonus

We have a retired pastor who receives a small retirement amount that is 100% Housing. He is issued a 1099-R. If we give the reitred pastor a Christmas

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Jan 30, 2018

Box 14

Is the proper wording for Box 14 Housing or can Parsonage be used as well? Vickey's Reply: Box 14 is an informational box for the employee (The IRS doesn't

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Jan 30, 2018

FICA/SS withholding on salary when pastor has HA

Should the church withhold SS on salary that is not the HA? Should the withholding be reported on the W2? Vickey's Reply: You cannot withhold FICA from

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Jan 30, 2018

Can part time pulpit speakers receive housing allowance?

We no longer have a fulltime minister on salary. We have part time speakers who do not serve the duties of a full time minister. Can these part time speakers

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Jan 30, 2018

Are church-paid travel expenses considered "income"?

I am a Mission Trip Coordinator (and licensed minister). I am not an employee (in the normal sense). I lead 2 a couple 10-day mission trips a year.

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