Outsourcing accounting and financial functions remains a hot topic for churches.
And we understand why.
As churches confront tighter budgets in the face of complex IRS guidelines governing religious not-for-profits, the need for outsourcing accounting and financial functions for bookkeeping support, compliance, and basic tax literacy is paramount.
Upgrade to an Advantage Membership and start receiving Church Law & Tax Store discounts, unlimited access to all content, cohort visibility, and our weekly insiders newsletter with the latest information on the issues and trends affecting churches today.
Whether it’s understanding the ever-changing dynamics of the church treasurer role, to making a wise choice in third-party software, the below resources will go a long way in asking—and answering—questions you may not have known to ask.
Third-party financial and accounting tips
As XPastor founder and longtime Church Law & Tax Advisor-At-Large David Fletcher suggests, cost, banking data security, and savings all come into play when considering whether to send accounting and financial services to a third-party.
Controlling for costs
This is especially true when coupled with a zero-based budgeting approach. Batts outlines how in in chapter 1 of Church Finance: The Church Leader’s Guide to Financial Operations.
Choosing the right accounting software
Choosing the right accounting software can be—and probably is—every bit as important as answering whether to outsource your accounting function.
Hiring a CPA
Sometimes churches need to quickly hire a CPA, either because of unforeseen circumstances or a shift in roles. These six, timeless tips will help inform that crucial hiring decision.