Financial Software for Churches and Nonprofits
News and Tips from Shelby Financials' Product Owner
This just in from ECFA, Religion News Service, Baptist Press, and other sources. The U. S. Seventh Circuit Court of Appeals has unanimously reversed a 2007 lower court’s ruling that clergy housing allowance is unconstitutional. This is excellent news for Read More
The Washington State Paid Family and Medical Leave insurance programs to become effective on January 1, 2019. Premiums and withholding information are available here. NOTE: The instructions below use feature changes in Release 9.2.2 Year-end Patch. If you use Shelby Financials 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
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
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