Financial Software for Churches and Nonprofits
News and Tips from Shelby Financials' Product Owner
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
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
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 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
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
Introduction: The basis for determining the best practice for using Shelby Financials Accounts Payable application may depend on the size of your staff and a few other factors. However, there are two primary rules that you should consider having in Read More
History: More than 20 years ago, I was managing a retail pharmacy which started accepting credit cards. We had a bookkeeper that worked a couple days a week and was paid by the hour. I discovered that she was spending Read More
When I first started working for J. C. Penney, Mr. Bailey, the store manager, gave me this piece of advice, “Do everything in a way that no one will ever question your integrity.” And for the past 50 plus years, Read More