Does a receipt need to made each Sunday for a gift over $250?
by Mike Johnson
(Milaca, MN (USA))
Our staff and finance people are having a debate regarding whether we need to receipt each week for the checks over $ 250 or is one receipt at the end of the year for all those who give over $250 cumulative for the year sufficient?
Your donation receipts or acknowledgments can be issued gift-by-gift, monthly, quarterly, annually, or any other frequency. That is totally up to your church. If you have a policy and procedure manual, the frequency should be recorded there.
Personally, I would not issue it every week, most donors do not want that much paperwork and usually find it more convenient to get an annual contribution statement in January. You can just attach a itemized statement with it.
Hope this helps,
Church Accounting Package
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