The Accounting system is not just for non-profit fund accounting use - it is specially designed for churches. An easy to use setup assistant walks you through the process of creating your chart of accounts and establishing beginning balances. The accounting section also includes accounts payable, accounts receivable and payroll modules. (click on any heading for a sample screenshot)
- Fund Accounting
Set up and maintain a chart of accounts and produce a full range of accounting statements including Balance Sheets, Income and Expense Statements, and Budget reports. Easily reconcile accounts with your bank. Assistants help you keep track of donor restricted giving according to FASB 117 guidelines. Track multiple equity accounts within each accounting fund. Budgets can be maintained for any account. Memorize recurring journal entries such as bank fees or depreciation transactions. Accounting history can be kept for an unlimited number of years.
- Accounts Payable
Record invoices, print checks and 1099s, store vendor payment histories, enter hand written checks, and track reclaimable expenses, such as sales tax or Canadian GST. Manage recurring payments such as leases, insurance, mortgages, and utility bills.
- Accounts Receivable
Produce invoices and statements for income other than contributions, such as room rental, tuition, and seminar fees.
- Payroll
Easily accommodate church-specific payroll requirements, such as social security exemptions and pastors' tax-free allowances. Automatically calculate taxes using tables you can modify yourself. Print payroll checks, calculate hourly payroll, and print year end W2's.
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