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 to the minister using the calendar year (Jan to Dec), regardless of your fiscal year.
Your donor's annual contribution statements are handled the same way, so make sure ...if you are using accounting/donation software such as Aplos...that you don't choose "last year" to generate your statements =) Use custom dates (Jan 1st to Dec 31st) to get the totals for housing allowance payments and donations from your software.
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