I have just started doing the bookeeping for our small church. I am unfamiliar with pastoral payroll.
I have three main questions outstanding following my research. 1.) We have an insurance "allowance" but we're not paying it to an insurance company/policy. Should that actually be counted as insurance or just counted as an addition to salary? 2.) How do the HSA or HRA payments get accounted for that we do pay to a company? 3.)We have a retirement allowance budgeted that he recieves. I found out that isn't actually being paid to a retirement fund. Does that need to just be an addition to salary or is it ok to break that out as retirement funds? Thank you.
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