Free Webinar by ECFA
The year-end giving season is fast approaching and this might be a good time to review your practices of gift acknowledgment and reporting.Just click the image for more information.
2018 GAAP Reporting Standards Webinar
Interested? Watch this 43 minute webinar In this 43 minute webinar, Rodney Smith, an auditor with PSK, covers new reporting standards for churches and other nonprofits. Alfred Johnson, Shelby Financials Product Owner, provides a quick look at the new Statement Read More
Statement of Functional Expense – Sneak Peek
New General Ledger report for Release 9.2.Here is a quick snapshot of one report view. I plan to post a set of instructions for setting up and using this new report in a future post. Questions? Leave a comment.
Complying with Rights to Erasure
The European Union, as well as other governing authorities, have laws that are designed to protect an individual’s personally identifiable information (PII). In Shelby Financials’ database, vendor, customer, volunteer, and employee records all contain personally identifiable information and in certain Read More
Who Paid My Bill?
If you use the Shelby Financials Accounts Receivable application and get a call from one of your “Bill To” customers asking, “Who paid my bill?”, then you might find this tip helpful. When you receive payment from an individual who does Read More
2018 Year-End Tax Update
The Financials Release 9.2, which is scheduled for the last week of November, will contain over 20 year-end tax updates. At the state level, Oregon added a new Transit tax starting July 1 and now the state legislature has decided it should Read More
Oregon’s Transit Tax – Revised
OVERVIEW: The state of Oregon’s new Transit Tax went into effect on July 1, 2018. This tax applies to all employees, whether exempt or not and is based on state taxable wages. This tax will need to be reported on Form W-2. Read More
Best Practices – Separation of Duties
A number of years ago I was contacted by a pastor wanting to know how he could log in to their accounting application. I told him that his church accountant could give him access. His answer? “She will not let Read More
Best Practices – Using Bank Account Management
Best practices using Bank Account Management is not as complex as other financial applications, but your administration should give careful thought to the way it is used. Bank Account Management provides two functions. 1) Gives the ability to enter a transaction Read More
Best Practices – Using General Ledger
Introduction: The basis for determining the best practice for using Shelby Financials General Ledger may depend on the size of your staff and the complexity of your reporting needs. However, there are three primary rules you should consider. 1) Establish company Read More