Our friends at ECFA will be explaining the latest updates from the IRS in this free webinar.
Federal Reports Make sure you have blank forms for all IRS needed filings. NELCO has what you need. Click Here to order forms Deadline for filings is January 31, 2019 for most reports General Ledger Check all sub-ledgers for unposted 2018 transactions Read More
The largest challenge in setting up the Statement of Functional Expense report just might be coming up with a good natural classifications list. I consulted with several accountants, auditors, and accounting firms asking what they might be advising their church Read More
Shelby Financials Release 9.2 adds the Statement of Functional Expense report to the list of General Ledger reports. If you are not familiar with this report, then you should take a few minutes to watch the 2018 GAAP Reporting Standards Read More
This year you have multiple options from within Financials to file the necessary year-end tax forms. Financials now supports the following methods to review and submit year-end tax forms from Accounts Payable and Payroll. Edit List – a quick view to Read More
I suspect that most readers of this blog already know that tax-free income is rare. And, a tax court in Minnesota has ruled that love offerings to pastors must be treated as taxable income. Check the ECFA post for all Read More
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 of Functional Expense Report. The new Read More
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.
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
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