Jump directly to the Content

The Top 10 Accounting Tasks for Churches

End each fiscal year well and with less stress by following these tips.

Last Reviewed: June 28, 2021
The Top 10 Accounting Tasks for Churches
Image: Hazal Ak | Getty

Right now is a great time to think about how to use your time most efficiently. Procedures like those provided below spread the workload out over a period of time. Performing these simple steps throughout the year will result in your year-end financial closing being similar to any other month-end, rather than a stressful and time-consuming event.

Here are the top 10 things you can do to make the end of the year easier.

1. Prepare a monthly closing checklist

This list should include items such as bank reconciliations, investment reconciliations, and items 2 through 5 below. It should also include the name and initials of the preparer and reviewer. Set a realistic time frame for completing the checklist each month and monitor it for compliance.

2. Perform monthly donor reconciliation

Reconcile the donor system with the contribution accounts in the general ledger on a monthly basis. This will allow ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • December 2, 2015
  • Last Reviewed: June 28, 2021

Related ResourcesVisit Store

How Churches Spend Their Money: 2019 Executive Report
How Churches Spend Their Money: 2019 Executive Report
This report will give you an inside look at how churches nationwide spend their money.
Nonprofit Finance
Nonprofit Finance
The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities
Human Resources Bundle
Human Resources Bundle
Your one-stop-shop for HR knowledge, designed to help prevent employment-related legal issues.
Talking to Your Congregation About Money
Talking to Your Congregation About Money
Helpful insights on talking about money and encouraging people to become generous givers.