When asked about some of the major challenges faced by Church Business Administrators, Becky DaVee, CPA said “We heard a common theme at NACBA: Retaining qualified personnel in the accounting department is a significant challenge, especially with time-consuming reporting and upcoming compliance with ACA requirements. People are turning to the cloud-based outsourced accounting.”
The National Association of Church Business Administrators (NACBA) annual conference was held in June in Orlando. The event focused on topics that keep church administrators up at night – risk management, tax and legal issues, staff development, as well as general accounting and auditing. With so many tasks to manage, administrators need qualified assistance. Sometimes they have a staff, yet more and more they need to rely on outside assistance.
Outsourced accounting services is one way churches are making sure that they maintain financial and reporting compliance and have more time to focus on fulfilling the ministry’s mission. Outsourced accounting keeps costs under control and allows for maximum productivity because the financial management tools are in the cloud, not tied to a specific computer.
Accounting for churches is much more complicated than simple bookkeeping, although correct management of the church books is essential. When you outsource accounting and advisory services, you have direct access to user-friendly financial software. You get the full functionality you need for management, reporting and compliance, at an affordable price. However, you’re not left alone to manage it. Salmon Sims Thomas provides experienced advisors to work with churches to set up and maintain a workable solution. Contact Becky DaVee, CPA, partner to determine what solution works best for your situation.