Friday, June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act, which the U. S. Senate passed with a unanimous vote. There are two major changes. First, the period in which funds can be used has tripled from Read More
If you find yourself entering a lot of checks into Accounts Receivable, then checking your entries, then posting the batch, why not let your customers do all of that work for you? It is easy to start using ShelbyNext Giving Read More
May 15, 2020, UpdateU.S. Treasury released the PPP Forgiveness Application form. Just click to download the PDF.
Expense Tracking Worksheet (Updated) Still looking for a way to track your PPP loan balance? Well, you are in luck because Dave Heston just made his revised spreadsheet available. Click Here to Download the Spreadsheet.
While churches remain under attack, it is comforting to know that a group of U. S. senators is demanding fair treatment for faith-based organizations from SBA and PPP lenders. Download your own copy of the letter here
Several readers have asked for help in tracking and documenting their payroll and other expenses that might be covered with their PPP loan. Your first step should be to check with your accountant or tax expert for guidance. Also, ask Read More
Well, it moved to Form 1099-NEC, but still easy to get to. If you use Accounts Payable, then keep on reading. The IRS made a few changes to form 1099-MISC, shown above. The old 1099-MISC Box 7 has been replaced Read More
Shelby Systems Support team is getting numerous questions about tracking and reporting for their Paycheck Protection Program loan. Dave Heston and I have checked several large audit firms that specialize in working with churches and other nonprofits. Download Dave Heston’s Read More
5 New Features When you first log in to Financials 9.7 Release, you will be greeted with a few pop-up screens highlighting the 4 new features listed above. Alerts and Notifications are the first. You can also create a new Read More
Exporting Statistical Data from Remittance to an Existing Excel Spreadsheet Overview: Headquarter offices that use the Shelby Financials Remittance application and need to update a denominational report by adding data from existing transactions to an Excel spreadsheet will find this Read More