Search found 8 matches

by pstafford3
Fri Jan 24, 2014 8:54 pm
Forum: General Questions and Discussion
Topic: Love Offering 1099M
Replies: 2
Views: 1280

Re: Love Offering 1099M

The church did not contract with him and from what I am reading it should be a gift but we are checking with CPA. Thanks
by pstafford3
Fri Jan 24, 2014 6:05 pm
Forum: General Questions and Discussion
Topic: Love Offering 1099M
Replies: 2
Views: 1280

Love Offering 1099M

A member of our church has a health issue that resulted in them not being able to work. This person plays piano and sings so they did a worship service one evening. The church took up a love offering for them. This is not a job for them and has not been done again. Is this considered a gift or is a ...
by pstafford3
Sat Jan 04, 2014 2:20 pm
Forum: General Questions and Discussion
Topic: W2 Forms
Replies: 1
Views: 1072

W2 Forms

Can someone tell me where to get or what type of forms are needed with Powechurch for W2's and 1099M? This is our first year
by pstafford3
Sat Nov 16, 2013 8:53 am
Forum: Contributions
Topic: Cash contributions
Replies: 1
Views: 659

Cash contributions

Why doesn't the individual contribution report show cash contributions for members? we have some who give cash in a designated envelope but those won't show up on a contribution report or an individual statement. That isn't how it should function. Is there something special about cash contributions?
by pstafford3
Fri Nov 08, 2013 9:19 pm
Forum: Accounting
Topic: Correct Accounting entries
Replies: 2
Views: 868

Correct Accounting entries

When you transfer money from the church savings to checking what should be the proper entry in PC? Is it just a credit to the savings income account and debit to checking income account? also what is the proper way to relieve the liabilities after you pay your Federal and State payroll taxes online?...
by pstafford3
Thu Oct 17, 2013 8:23 pm
Forum: Accounting
Topic: closing accounting year
Replies: 1
Views: 584

closing accounting year

is it a problem if your fiscal year ends in september but you haven't closed yet in October? I actually haven't closed since august because of a transaction issue to resolve. Is this a problem? This is my first year in powerchurch.
by pstafford3
Wed Oct 16, 2013 6:36 pm
Forum: Contributions
Topic: Contributions Help Please
Replies: 7
Views: 2389

Re: Contributions Help Please

If we have a separate budget line item does that mean we have to include that in our budget which right now they don't since it should be a wash for what is receipted in and paid out but yet it's not like a pass-thru either. Does the church have to report that as income since it is only used to pay ...
by pstafford3
Tue Oct 15, 2013 10:17 pm
Forum: Contributions
Topic: Contributions Help Please
Replies: 7
Views: 2389

Contributions Help Please

Can someone tell me how to handle this situation with contributions? We have Youth trips and camps that each youth has an amount they must pay to attend so it is not really a contribution like a tithe. These funds are either paid by the parents or they have some fund raisers like car wash. The youth...