Church Accounting

Accountegrity Tax, LLC is founded on scriptural principles, and we thoroughly enjoy working with faith-based
organizations. We strive to provide excellent service for all our clients who receive the highest level of
attention.

Integrity is one of our core values. Our motto is “Accounting and Taxes Done with Integrity”.
Proverbs 10:9 says: “Whoever walks in integrity walks securely”. We believe that “Integrity” and
“Stewardship” are two key words that should govern the church’s use of money.

However, sometimes ministers and churches do not have the right tools to manage their finances properly. Our accounting team
has extensive experience serving churches and ministers in accounting, budgeting, and corporate structure.

There are several ways a church will benefit from contracting our firm:

On the accounting aspects, Accountegrity Tax, LLC will:

1.- Install the proper accounting software, and create the chart of accounts.
2.- Train your staff or volunteers to perform day-to-day accounting tasks.
3.- Establish a good system to keep track of donations and funds.
4.- Maintain your accounting system, reconciling your bank statements and general ledger.
5.- Produce financial statements such as Balance Sheet and Profit and Loss.
6.- Help you establish a budget for churchwide events and for each department.
7.- File proper employment tax returns, set up housing allowance and file 1099 for contractors.

Benefits of Hiring Accountegrity Tax LLC for accounting services:

Using Accountegrity Tax LLC for your church finances can benefit your ministry in several ways. Consider these
five reasons:

1. We understand church accounting practices

We have the competency, knowledge, and experience to perform accounting tasks with the highest level of accuracy and integrity for churches. We have served several churches in the states of Texas, Oklahoma, Louisiana, and Arkansas.

We have set up different accounting software depending on the church size and have trained churches to properly record accounting transactions.

2. We will prepare your financials using generally accepted accounting principles (GAAP)

Obtaining financial statements is recommended for every church, although the format and frequency may vary based on church size and the intended user, whether leadership, the congregation, or a potential lender.

We will prepare your financial statements using GAAP. This is a set of standards used in the U.S. to consistently report accounting information. Financials prepared using GAAP can be read by most financial institutions and help your church project a professional image.

3. We can help you avoid payroll tax liability

Without proper training and experience, it’s easy to improperly file payroll tax returns, which could leave your church with costly tax liabilities.

Ministers Taxes are complex, and we know how to properly set up payroll for
ministers and staff.

4. We can help your church maintain accountability and protect against fraud

Our financial statements compilation will provide assurance on the finances of the church. At minimum, consider periodic reviews of internal controls and accounts susceptible to fraud or mismanagement.

This is especially important if your church budget (tithes, missions, and building fund combined) has reached $1 million or more. We can work with you to identify agreed-upon procedures for handling church funds and can assess your practices against them to ensure maximum protection.

5. We can help you qualify for a church loan

Having Financial Statements not only maintains accountability but may also be a requirement for obtaining a loan or grant. In addition, as mentioned above, GAAP prepared financials help your church project a
professional image to potential lenders.

In fact, a lender will often require this before they will consider you
for a large loan.

We will come to your location!

If you need help to properly record your business income and expenses, or have any tax related question, let us know!

We have 30 years of accounting experience and 20 years of tax experience!

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