Category: Financials Tips

Using Financials Password Security Settings

February 21, 2018May 29, 2018 Alfred JohnsonLeave a commentBreaking News, Financials Tips, Security

Overview: Prior to Release 8.10 Admin users had the ability to choose one of the following password security strength settings: Medium: The password must be between 5 and 30 characters long and must contain at least one digit. Strong: The password Read More

Using the Audit Period

February 1, 2018February 1, 2018 Alfred JohnsonLeave a commentFinancials Tips

OVERVIEW: The audit period should normally be used for the following situations: Entering opening balances when first starting to use the product, unless we convert your existing data into the system. Release from donor restrictions Reclassify a disbursement to a capitalized Read More

Qualified Small Employer Health Reimbursement Arrangements (QSEHRA)

January 15, 2018January 15, 2018 Alfred JohnsonLeave a commentBreaking News, Church Finances and Procedures, Financials Tips, Year-End

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

Employer Paid Health Care Value

December 21, 2017January 17, 2018 Alfred JohnsonLeave a commentChurch Finances and Procedures, Financials Tips, Year-End

Employers, including nonprofit organizations, are required, beginning in calendar year 2017, to report the fair market value of provided health care benefits. This information is to be included on IRS Form W-2 in Box 12, using code DD, for every Read More