7. Statement Reconciliation
Reconciling the bank statements is a very important part of the accounting/bookkeeping process. Monthly, quarterly, or yearly financial reports should never be presented to the church board until all bank accounts have been reconciled in your PowerChurch Software.
View or download the Statement Reconciliation PDF. We will be going through the bank reconciliation process in PowerChurch. I will be sharing some helpful tricks I use to make the bank reconciliation easier and even fun!
This newsletter contains information about churches and tax matters. This information is general in nature and does not consider your organization’s specific circumstances. This information should not be treated as an alternative to taxation advice from an appropriately qualified professional. If you have specific questions, please consult Stewardship Resources, LLC (a division of Summit Tax & Accounting, PLLC) at (217) 877-6766 for advice tailored to your need.
