I learned something new from the PowerChurch Plus forum the other day. The actual change in accounting law that requires non-profits to report their financial positions with respect to a “change in assets” rather than having a “fund balance” actually has a name – FASB 117.
Here is a summary of what the statue requires: http://powerchurch.com/forum/viewtopic.php?f=3&t=5055
PowerChurch Plus makes it fairly easy to record donor-restricted donations. I have to admit, I used PowerChurch software for a long time without bothering to record our donor-restricted requests. Once I figured out the process, and what happens on the financial statements, I found it wasn’t so difficult. I try to explain it in simple terms on this sample …
We use PowerChurch for our multi-site church. We have one leadership team and three church sites. Using PowerChurch Plus new grouping in payroll, we are able to assign percentages of each pastor’s time to each of the three sites. Each site has its own fund and its own budget. By dividing up the pastor’s payroll and housing, we can get a pretty accurate reading on how each location is doing financially.
Drawbacks. We have to cut checks for each part of the pastor’s time from each grouping, which means some pastors receive one, two, or even three separate paychecks. Oh well. The system works. And, although the pastors aren’t making more …
Church Tax/Legal Resources
2010 Charitable Contributions Bulletin Inserts
2010 Church & Clergy Tax Guide
2010 Church & Clergy Tax Guide CD
2010 Clergy Salary Package Guide
2010 Clergy Tax Law Short-Course
2010-2011 Compensation Handbook for Church Staff
Christian Leadership Alliance National Conference
Summit Overview
Church leaders today face an array of unique challenges and opportunities. This Church Leaders Summit features nationally-known experts who will share proven insights for taking your ministry to the next level during turbulent times. It is designed for churches of all sizes, traditional to innovative, and for every member of the church leadership team.
Topics Covered: Leadership, Financial Best Practices, Human Resources, Fundraising, Tax & Legal Updates, and Banking Trends
Why Attend?
This Church Leaders Summit will equip you to lead your church courageously and effectively during a turbulent economy, while providing insights to inspire hope and vision in your entire ministry team. Come and learn from experts and network with peers, while honing leadership and management …
Press Release From Power Church Software
March 1, 2010
Contact: PowerChurch Software
601 Alliance Ct
Asheville, NC 28806
(800) 486-1800 – Toll Free
(828) 665-1818 – Local:
PowerChurch Plus is an all-in-one software solution that helps you streamline administrative tasks and manage your Membership, Contributions, Accounting, and Event Scheduling. PowerChurch Plus records comprehensive membership information, including photographs, for up to 100,000 families. Tracks contributions and pledges, and prepares contribution statements for mailing or e-mailing. Features a complete, church specific accounting system with general ledger, accounts receivable, accounts payable, and payroll. Plan ahead with event scheduling by keeping track of upcoming events, reserve rooms and equipment, and generate event calendars for your website or word processing documents. PowerChurch Plus is powerful enough to track …
February 20, 2010 – 7:49 am
Zondervan 2010 Church and Nonprofit Tax and Financial Guide
The Zondervan 2010 Church and Nonprofit Tax and Financial Guide is the most accessible, complete, and easy-to-follow tax and financial guide of its kind, explaining complex tax concerns in plain language.
Description:
The Zondervan 2010 Church and Nonprofit Tax and Financial Guide annual reference guide continues to be one of the few resources offering tax and financial advice to churches and nonprofit organizations. Issues of financial accountability, receiving and maintaining tax-exempt status, accounting for charitable gifts, and other crucial topics receive careful and full discussion.
The 2010 edition also contains a thorough description of tax laws affecting churches and other nonprofit organizations, ensuring compliance with all regulations. The book includes expert advice …
February 19, 2010 – 8:57 am
Multi-site Churches and Central Support Teams
I recently spent some time with Kevin Penry from LifeChurch.tv where he was serving as a coach/consultant for eight multi-site churches participating in Leadership Network’s Multi-site JumpStart InnovationLab. During one of the breaks I asked Kevin to tell me about the greatest challenge for him as the multi-site ministry at LifeChurch.tv had grown over the last several years. In this video, he shares how he and the central team stay engaged “on-the-ground” as they serve campuses literally around the world.
If your church has launched your first multi-site campus in the last six to eight months, you may be intereInnovation-Lab-logo_LOWsted in applying to be a part of the next Multi-site JumpStart …
February 2, 2010 – 10:40 pm
The Benefits of Church Management Software
By: Jason Nilsson
Are your administrative tasks manageable right now but seem to be taking up more and more of your time? When you sit down to think about who was in attendance on Sunday, are you hoping you aren’t forgetting anyone? Do you feel like you’re spending more and more time managing the ministry instead of doing ministry?
If you answered “yes” to any of these questions, it’s time to consider what software tools are available and how they can help you manage your ministry.
If you are new to the world of church software, an initial inquiry can be overwhelming. When you see the wide variety of available church software solutions, a cursory …
February 1, 2010 – 5:09 pm
Latest News and Announcements – PowerChurch Plus version 11
01/25/2010
Maintenance Release for Version 11 The following issues were addressed in a Maintenance Release dated 01/25/2010:
- Contribution check number on the Maintain Personal Profiles screen shows first 6 digits of check number, instead of last 6 digits
- Contribution check number on the View Posted Contributions screen shows first 6 digits of check number, instead of last 6 digits
- Check number field on Contribution Detail screen (click the Details button on the View Posted Contributions screen) is not wide enough to show a full 20 digit check number
- Posted Contributions report truncates the last digit off the date on certain printers (HP 6MP)
- Contribution Statements reports do not “refresh” the Report Options …
December 19, 2009 – 8:14 am
Statement of Church Auditing Procedures
Role of the Audit Committee
The Audit Committee represents the interests of the membership of the church, as well as those of the clergy, the church governing body, and even those of the regional or national church body. The Audit Committee is entrusted to perform a task that none of these individuals or groups can perform, primarily because they do not have access to the financial information and transactions of the church on a daily basis. The members and other interested parties are not in a position to judge the accuracy and fairness of any summarized financial reports which the church produces.
The Audit Committee has the task of attempting to verify the truth and accuracy of …
