MUST HAVE REFERENCE GUIDE

Site Map or Site Search

CHURCH ACCOUNTING PACKAGE

Fixed Assets

How may Church Fixed Assets be categorized/classifeid on the Balance Sheet. They comprise of:

Land & Buildings
Automobiles
Furniture & Fixtures
Eqipment
Altar vessels
Lectern
Vestments,
etc etc

Comments for Fixed Assets

Click here to add your own comments

Aug 27, 2014
 Classifying Fixed Assets
by: Lewis in NC

Fixed assets could be classified as "Long-term Assets" vs. "Current Assets". Currents Assets are those which can be converted to cash within a year (approx.); Long-term Assets would take longer than a year to convert to cash. Hope this helps you.

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 Accounting.



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!






Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.