Financial Software for Churches and Nonprofits
News and Tips from Shelby Financials' Product Owner
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
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
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
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
OVERVIEW: The state of Oregon’s new Transit Tax goes into effect on July 1, 2018. This tax applies to all employees, whether exempt or not and is based on gross wages. Currently, this tax will not be reported on Form W-2, but Read More
Overview: Relationships has been added to Shelby Financials in Release 9.0. This utility allows users to group family members together along with additional responsible people. It is most useful when creating invoices for daycare or school students, as customers, but Read More
If you use the ShelbyNext Financials Payroll application, then you should notice that the new withholding tables for 2018 are in place.
Starting January 1, 2017 employers with less than 50 employees can offer employees a reimbursement for medical insurance that provides minimum essential coverage (MEC). There are a number of requirements and regulations that should be considered before deciding to provide Read More
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 now is January 31, 2018 for most reports General Ledger Check all sub ledgers Read More