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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

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 ...

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

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