Church Services

Financial information

Each month we will work in partnership with your ministry to produce a complete financial record of your cash receipts and disbursements, including:

  • Balance Sheet - An up to the day detailed financial picture. It includes all the ministries assets, liabilities, and its fund balances.
  • General Ledger Report - A detailed report of all account activity. This report shows the  effect each transaction has on each of the ministry accounts. Beginning and ending balances of each account are included. 
  • Income and Expense Report - Reports all ministry income and expenses. This report shows your cash-in vs. your cash-out.
  • Bank Reconciliation - For each checking account. Approved accounting procedures detailing bank balances and service charges.

MINISTRY GIFT

Each month we can prepare for your ministry a complete record of each contribution received. All delivered in a handsomely bound report and includes the following information:

Service Summary - A detailed report of each contribution. All contributions will be summarized for each worship service. The report includes a breakdown of all contribution designations such as Tithes, Offerings, Building Fund, or special categories your church uses. A record of check numbers. A statistical analysis of the worship service such as the average contribution, and the number of contributors. Each worship service has a money trail which supports evidence of the bank deposit.   
Monthly Summary - A detailed report grouping each contributor’s gifts. The report list; All dates, check numbers, and all of the contributor’s name
and address information.
Contribution Receipts  - We can also print acknowledgment letters for each contribution of $250 or more. At the end of each year we produce the new required contribution report, listing all dates, check numbers, and amount of contributions for the entire year in date order.
 

MINISTRY PAYROLL

The proper administration of Payroll is necessary in all businesses. Church's have a difficult time in preparing payroll. Ministers are employees of the corporation for income tax purposes, and self-employed for Social Security and Medicare. Your housing allowance may be subject to Social Security and Medicare taxes. Some ministers have been exempt from Social Security and Medicare. Some are required to file. Call us for an explanation.

MINISTRY INTERNAL CONTROL

Every system used to handle your cash flows, from contributions given, to the checks you write. Ministries loose millions of dollars each year from mismanagement and theft. Don't think your ministry is exempt! We will design Internal Controls for your ministry.


MINISTRY FINANCIAL CONSULTING


We will advise your church or ministry how to keep your financial books in order. Keep your Corporate Book up to date. Give you financial advice, and methods to gather, record and report it. We can also advise you on setting up a computer system for your ministry, and advise you on the programs to purchase. We can make available to your ministry various program setups to satisfy your ministry requirements.

MINISTRY PROTECTION

Your ministry is vulnerable to changes in IRS regulations, HRS requirements, state and local government policy and law changes. You must be completely familiar with tax reporting (1099s, 941s, 990s, etc.) Clergy personal liability & income taxes, Social Security, and a litany of others. Keeping your "Corporate Book" up to date is vital. Information such as this is crucial to the continuance of your ministry. The lack of some of this information could place your ministry in danger of losing it's Tax Exemption. Financial Stress Reduction will keep you informed on all changes in these areas.

MINISTRY FINANCIAL PLANNING

What is the proper way to plan for retirement? 
Church's are the last in planning for employee retirement. Pastor's salaries are much lower than average. Associates are at the bottom of the pay scale, and have no retirement. They routinely have to leave your church to start their own to survive. Sometimes they take a portion of your congregation with them. Proper financial planning is essential today.

Financial Stress Reduction will educate your personnel in all areas of finance planning.

Do you have proper "medical pay" insurance for injuries at your church? How about auto insurance, comprehensive, fire, theft, and general liability insurance? Workers Compensation Insurance? Employee Group Medical? Unemployment Compensation? You must be familiar with all types of insurance.

Church Pricing

We at Church & Ministry Financial (a division of Financial Stress Reduction) always attempt to keep Church & Ministry accounting fees affordable.  While there are accounting firms that charge Ministries & Churches very high fees and intimidate workers to do so.  Ministries with good accounting representation; holding themselves to high integrity should find their church and/or ministry with nothing to fear.

Since 1984 Financial Stress Reduction, Inc. has helped hundreds of Ministries and Churches comply with the latest IRS issues and never ending changes.  We also work with pastors and other ministers, evangelist and para church ministries.

We understand that most small churches and ministries cannot afford a staff of non-ministry employees.  You use volunteer or very part-time help that is usually unqualified in accounting practices.  This is the major cause of IRS intervention.  Not only does volunteer or very part-time help make costly financial errors, but prying eyes into the financial status of the church by volunteers or very part-time help sometimes spread non-accurate financial information about the church and its members.  Many church splits have their roots in the financial area of the ministry. 

We are a confidential source of help for your church or ministry.  Our work is completed away from the prying eyes of others.  Contribution amounts and list of contributors will never become public knowledge.  Financial status is known only to the pastor and / or other board appointed staff.  We keep everything confidential and reports are sent only to approved people.  Working with us is a pleasure and rewarding part of the ministry that usually causes more stress than any other part.

Our fees are simple:

Ministry Finance: $100.00 Monthly

We use or set up a chart of accounts.  You code the checks and deposits and send them along with your bank statements to us.  Our site has a secured upload where you can scan documents or you can fax or mail them to our office.  We enter the data and send you the following:

  • Statement of Financial Condition - An up to the day detailed financial picture. It includes all the ministries assets, liabilities, and its fund balances.
  • General Ledger Report - A detailed report of all account activity. This report shows the  effect each transaction has on each of the ministry accounts. Beginning and ending balances of each account are included.
  • Inflows & Outflows Report - Reports all ministry income and expenses. This report shows your cash-in vs. your cash-out.
  • Bank Reconciliation - For each checking account. Approved accounting procedures detailing bank balances and service charges.

This price includes two checking accounts: General Fund & Building Fund,  Missions Fund & other ministry accounts.  Any two accounts.  Other accounts add $50 per month per checking account.

Ministry Gift: $50 per month + $0.25 Per envelope. 

(Example: 100 envelopes X 4 or 5 Sunday services = 500 envelopes = $125 monthly.  For a total monthly fee of $175 for 500 contribution envelopes.  Some envelopes will have multiple entries one for the General fund, one for Missions, one for the Building fund.  This individual service accounting with separation of funds is included in the price along with the following:)  Ministries with less than 100 envelopes per month only pay the $50 fee, which is our minimum fee for Ministry Gift.

Each month we will prepare for your ministry a complete record of each contribution received. All delivered in a handsomely bound report and includes the following information:

Service Summary - A detailed report of each contribution. All contributions will be summarized for each worship service. The report includes a breakdown of all contribution designations such as Tithes, Offerings, Building Fund, or special categories your church uses. A record of check numbers. A statistical analysis of the worship service such as the average contribution, and the number of contributors. Each worship service has a money trail which supports evidence of the bank deposit which keeps honesty in check, and a trail for each deposit.
Monthly Summary - A detailed report grouping each contributor’s gifts. The report list; All dates, check numbers, and all of the contributor’s name
and address information.
Contribution Receipts  - We can also print acknowledgment letters for each contribution of $250 or more. At the end of each year we produce the new required contribution report, listing all dates, check numbers, and amount of contributions for the entire year in date order.
 

MINISTRY PAYROLL $30 per month + $2.00 per person per payroll after 5 employees.  We also pay contract labor when you legally are eligible.

The proper administration of Payroll is necessary in all businesses. Church's have a difficult time in preparing payroll. Ministers are employees of the corporation for income tax purposes, and self-employed for Social Security and Medicare. Your housing allowance may be subject to Social Security and Medicare taxes. Some ministers have been exempt from Social Security and Medicare. Some are required to file. Call us for an explanation.

MINISTRY INTERNAL CONTROL: $2,500 + Travel Expenses.

A one full day on site examination of every system used to handle your cash flows, from contributions given, to the checks you write. Ministries loose millions of dollars each year from mismanagement and theft. Don't think your ministry is exempt! We will even design Internal Controls for your ministry if necessary.

MINISTRY FINANCIAL CONSULTING - Ongoing part of our service to our clients


We will advise your church or ministry how to keep your financial books in order. Keep your Corporate Book up to date. Give you financial advice, and methods to gather, record and report it. We can also advise you on setting up a computer system for your ministry, and advise you on the programs to purchase. We can make available to your ministry various program setups to satisfy your ministry requirements.

MINISTRY PROTECTION - Ongoing part of our service to our clients

Your ministry is vulnerable to changes in IRS regulations, HRS requirements, state and local government policy and law changes. You must be completely familiar with tax reporting (1099s, 941s, 990s, etc.). Clergy personal liability & income taxes, Social Security, and a litany of others. Keeping your "Corporate Book" up to date is vital. Information such as this is crucial to the continuance of your ministry. The lack of some of this information could place your ministry in danger of losing it's Tax Exemption. Financial Stress Reduction will keep you informed on all changes in these areas.

MINISTRY FINANCIAL PLANNING - Ongoing part of our service to our clients

What is the proper way to plan for retirement? 
Church's are the last in planning for employee retirement. Pastor's salaries are much lower than average. Associates are at the bottom of the pay scale, and have no retirement. They routinely have to leave your church to start their own to survive. Sometimes they take a portion of your congregation with them. Proper financial planning is essential today.

Financial Stress Reduction will educate your personnel in all areas of finance planning.

Do you have proper "medical pay" insurance for injuries at your church? How about auto insurance, comprehensive, fire, theft, and general liability insurance? Workers Compensation Insurance? Employee Group Medical? Unemployment Compensation? You must be familiar with all types of insurance. 

Note: Financial Stress Reduction, Inc. does not sell any products, investments or any other financial products.  We sell no Real Estate and receive compensation for our services only.  Financial consulting will only be done on an individual basis in harmony with other professionals you may rely on for investments or financial products.

 

 
 
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