The Review Report is an acknowledgement for the council of your church which states: All information contained in the financial statements is the representation of the management of your church. This review was made in accordance with generally accepted standards for review engagements.
This Review Guide evaluates key issues: Segregation of duties and functions, Oversight and control by council, Accurate and timely financial reporting, and Safeguarding of assets.
The following information provide some helpful points for any church contending with the implementation of financial policies and procedures.
Learn more about the difference between auditing and reviewing.
The following link directs you to helpful books pertaining to Internal Controls. Internal controls are methods that ensure the integrity of accounting and financial information.
The purpose of this policy is to give guidelines as to when a separate fund should be established for monitoring church revenues and expenses, to describe a process of accountability for separate funds, and to develop a procedure for monitoring separate fund expenditures and revenue.
The purpose of this policy is to set forth broad guidelines under which the funds of the denomination shall be managed. Investment objectives are: preserving the principal value of funds, earning a reasonable return, and more.
The following link directs you to a list of books pertaining to Church and Nonprofit Taxes. These Financial guides will equip you with resources and professional advice to better understand tax laws.
The purpose of this policy is to give guidelines for establishing and using a Capital Replacement Fund at the church and to assure accountability of funds used for building and equipment upgrades.
Unrelated Business Income defines an activity is an unrelated business if three requirements are met: 1. It is a trade or business, 2. It is regularly carried on, 3...
The following publication explains the benefits and the responsibilities under the federal tax system for churches and religious organizations.
The information in the attached document provides the names of IRS forms that are commonly filed by churches in the course of ordinary business.
The following link redirects you to the IRS Publications.
The following link redirects you to the IRS webpage. This webpage provides you with a list of forms and a search box to find any needed documents.
Sabbatical Leave is a period of time away from the pastor’s regular duties for the mutual benefit of the church and pastor. Sabbatical Leave is for the benefit of the church and the pastor.
Do you have questions about your Pastor's earnings regarding SECA or FICA, Income Tax withholdings, or Parsonage Allowance?
Income tax, social security tax, and Medicare tax are paid on wages and self-employment income. Social security and Medicare taxes are collected under one of two systems...
The Final Move Expenses policy covers moving allowances, principles of administration, limitations, cost coverage, disability, and exclusions.
This training tool is intended to help church leaders have a fruitful conversation about evaluation in their local setting—and to strengthen the local church by blessing its staff with timely, effective feedback.
This Short Performance Evaluation form is for the employee. This form is for the supervisor and the employee, a series of comments, goals, and 'check' areas are included in the evaluation form.
This Self Performance Evaluation form is for the employee. The employee should score accurately and honestly based on the past year's performance.
This document is the former evaluation form that evaluates the employee's performance and development.
This Performance Evaluation is an in-depth form that evaluates all employees and those in supervisory/managerial roles.
Publication 521 explains the deduction of certain expenses of moving to a new home because you changed job locations or started a new job.
This Access VBA software was written to create usher schedules for our church. It works on any computer that has Microsoft Access 2007 or later installed on it.