Search found 12 matches

by Tammy Betty
Thu Dec 31, 2020 7:22 pm
Forum: Accounting
Topic: 941 Electronic Filing
Replies: 1
Views: 461

941 Electronic Filing

I have searched and may have missed this questions. Does Power Church have the ability to file 941 and W2,W3 electronically? We just got internet access. Thank you
Tina Burlew
Solid Rock Baptist Church
by Tammy Betty
Fri Oct 30, 2020 8:19 pm
Forum: Accounting
Topic: Taxable gifts
Replies: 2
Views: 514

Re: Taxable gifts

Neil
Thanks - I really appreciate your help.
Makes perfect sense

Tina
by Tammy Betty
Thu Oct 29, 2020 1:12 pm
Forum: Accounting
Topic: Taxable gifts
Replies: 2
Views: 514

Taxable gifts

I recently purchased a gift for our pastor using the church's checking account. The credit was to cash and the dr was to Ministry Gifts (6466). How do I add this gift ($500) to payroll? I have payroll set up to record gifts but it feeds back to the same expense expense account(6466). That will not w...
by Tammy Betty
Mon Jul 13, 2020 9:28 am
Forum: Contributions
Topic: Big Gift accounting
Replies: 2
Views: 673

Re: Big Gift accounting

Thank you

Tina
by Tammy Betty
Sun Jul 05, 2020 8:35 pm
Forum: Contributions
Topic: Big Gift accounting
Replies: 2
Views: 673

Big Gift accounting

A member gave the church a 2020 Church Van - brand new.
I have not run into a gift like this before and am not sure how to handle the accounting. This is a balance sheet item but how do I get it into a contribution statement? No cash was involved
Thanks
Tina
SRBC
by Tammy Betty
Mon Sep 23, 2019 12:09 pm
Forum: Accounting
Topic: thank you
Replies: 0
Views: 1002

thank you

I cannot thank you enough for the information you have in this forum. A search I just did on temporary restrictions cleared up everything for me and I was struggling with it. You folks do a fine job

Tina Burlew
Solid Rock Baptist Church
by Tammy Betty
Mon Sep 23, 2019 11:54 am
Forum: Accounting
Topic: Payroll
Replies: 8
Views: 718

Re: Payroll

an additional question - if the pastor has no taxable income and this gift is taxable would it not be easier to set up the gift amount as payroll that would go into Box 1 on the W2 with no tax taken out.
thanks
by Tammy Betty
Tue Sep 17, 2019 9:05 am
Forum: Accounting
Topic: Payroll
Replies: 8
Views: 718

Re: Payroll

thanks for your help - your work is appreciated
by Tammy Betty
Mon Sep 16, 2019 12:47 pm
Forum: Accounting
Topic: Payroll
Replies: 8
Views: 718

Re: Payroll

Thanks for the info - another part of this question is that does not the church have a tax liability for Medicare and FICA on this 'gift'

I really appreciated your info on this
by Tammy Betty
Mon Sep 16, 2019 7:25 am
Forum: Accounting
Topic: Payroll
Replies: 8
Views: 718

Re: Payroll

No taxable income - only the housing allowance
by Tammy Betty
Sun Sep 15, 2019 9:23 pm
Forum: Accounting
Topic: Payroll
Replies: 8
Views: 718

Payroll

Our church does not have any 'employees'. The Pastor get a housing allowance and that is reported on a W2. Now the church wants to give the pastor a LARGE gift . This will be taxable. Power Church Version 12 is a sweetheart and I love what it can do, but I am not sure how to handle this one thanks T...
by Tammy Betty
Mon Mar 04, 2019 7:23 pm
Forum: Accounting
Topic: Effective date processing question
Replies: 1
Views: 205

Effective date processing question

Does Power Church utilize 'Effective Date Processing"? Example I need to make some changes to the COA for the beginning of my budget year. If I make the changes using the beginning of year date will they not be effective until that date or will they take effect immediately? I am running Power Church...