Many churches unintentionally create unnecessary accounting confusion by overcomplicating the process of tracking special funds. For example, let's say you collect an offering for a benevolence fund or have checks coming in designated for a short-term missions' trip. By law that money must be used for the stated purpose it was collected for. So how can you be sure that every penny is accounted for -especially when the fund carries over multiple years? Some people use spreadsheets or other external tools, but there is a much simpler and more effective way.
If you use QuickBooks (which I always recommend for church accounting) you can utilize a very helpful tool called class tracking. You can visit Intuit's support page for how to set up and use this very helpful feature.
Of course class tracking is most effective when it is utilized as part of an organized, integrated accounting system that is properly maintained. You can create one yourself or you can get one that has been specifically designed for churches, that is ready to go, and that includes personalized support to coach you through issues like class tracking or whatever else you need. If that sounds helpful to you, then you should take a look at SharpChurch's "Turnkey Accounting System."
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Posted by: Ava Miller | February 08, 2013 at 11:54 PM