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AcctTwo Blog

Tammy Bunting

Tammy Bunting

Recent Posts by Tammy Bunting:

Wow, I Didn't Know That - The Top 5 Reasons Churches End Up In Court 

The Church Law & Tax Report published by Christianity Today is distributed six times a year. It is designed to provide accurate and authoritative information with regard to specific topics on law and tax compliance for faith-based organizations. If you ever need to get the real facts, look to Richard R. Hammar. Hammar is an attorney, CPA, and author specializing in legal and tax issues for churches and clergy. He's also senior editor of the Church Law & Tax Report as well as Church Finance Today. The graph provided is taken from the July/August 2015 edition of the Report.  You can find the full article here.

Topics: Not-for-Profit and Faith-Based

Church Accounting Basics - Part 2: Church Audits

Know the 4 V's

Depending on your role at the church, you’ll hear the word “audit” and come to one of two conclusions:

If you’re the finance manager, you understand the need for the substantiation of the integrity of the data — even though an audit can add to your already busy workload.

Topics: Blog Informational Featured Posts Church Accounting Basics Awareness Not-for-Profit and Faith-Based

Blessed are the Flexible! Part 4 - Analytics

This is Part 4 of our Blessed are the Flexible Series. Click here to read Part 3 about Accountability.

Being good stewards of the resources God has provided is not just something we hope we can do. It is required for operating more effectively and efficiently. The concept of being effective and efficient is the cornerstone of a business’s ability to be profitable or not. Even though churches do not exist to make a "profit”, we must make good, educated business decisions so that every dollar spent fulfills the church's mission. Businesses determine their effectiveness and efficiency by measuring performance against targets, goals or previous performance. 

Topics: Blog management reporting Blessed are the Flexible Awareness Not-for-Profit and Faith-Based

Why Cloud Computing Makes Sense for Faith-Based Organizations and Ministries

This blog post was originally posted to Intacct's View from the Cloud Blog...

Like all nonprofit organizations, faith-based ministries are experiencing increased pressure, oversight, and demand for transparency from all sides. Whether the focus is reporting, funding, or accountability for outcomes, it is critical that ministry organizations have the edge in technology tools that improve their efficiency, reduce costs, and increase their visibility.

Topics: Blog View from the Cloud Intacct Consideration Not-for-Profit and Faith-Based

Blessed are the Flexible! Part 3 – Accountability

This is Part 3 of our Blessed are the Flexible Series. Click here to read Part 2 about Automation.

When I think of accountability it isn’t necessarily a hard concept to wrap my head around. It is the willingness to accept responsibility. It can become tricky if you are responsible for managing something that you don’t have full control over.

Topics: Blog Planning, Budgeting and Forecasting Blessed are the Flexible Awareness Not-for-Profit and Faith-Based

Blessed are the Flexible! Part 2 - Automation

This is Part 2 of our Blessed are the Flexible Series. Click here to read part one.

The Young and the "Seasoned"

I think there are two groups of people - and keep in mind this opinion is coming from a seasoned individual, which is a nice way of referring to the “older generation.” There are the older folks that are comfortable with manual workflows – passing paper like a relay baton. It works, right?

Topics: Blog Software Evaluation Automation and Workflow Featured Posts Blessed are the Flexible Awareness Not-for-Profit and Faith-Based

Blessed are the Flexible! Part 1 - Accounts

I do not think this is one of the blessings listed by Jesus in the Sermon on the Mount (Matt 5: 3-11), but for those of us responsible for the financial aspects of the church, this actually applies!

Topics: Blog Informational Blessed are the Flexible Awareness Not-for-Profit and Faith-Based

Church Accounting Basics - Part 1

The Healthy Church

The Bible has a clear definition of faith in Hebrews 11:1 — “Now faith is the assurance of things hoped for, the conviction of things not seen.” Simply put, the biblical definition of faith is “trusting in something you cannot explicitly prove.” As church leaders, we walk every day in faith.

Topics: Blog Informational Featured Posts Church Accounting Basics Awareness Not-for-Profit and Faith-Based

FASB Proposed Nonprofit Financial Statement Change

Have you heard? FASB is proposing a change to NFP Financial Statement Reporting.

You may have already been notified by your CPA firm, but I thought I would give you a very quick overview of the changes to Financial Statements that are being recommended by FASB.

Topics: Blog FASB Informational Awareness Not-for-Profit and Faith-Based

Outcome Metrics: Measuring What Matters in the Nonprofit World

The Age of Transparency and Accountability

Amid increasing demand for transparency and accountability, today’s nonprofits are seeking ways to both produce and to demonstrate successful outcomes.
Topics: Blog White Paper Informational Featured Posts Awareness Not-for-Profit and Faith-Based