Shelby Financials software is a best-of-breed fund accounting program for maintaining church budgets and financial records. This solution includes functionality to manage all accounting processes, including accounts payable (AP) and receivable (AR), reconciliation, payroll, general ledger, fixed assets, amortization and more.
The accounts payable module supports cash, accrual and modified accrual basis, as well as features to track bills, invoices, payments and credits. The accounts receivable module accurately tracks income from multiple sources and how it’s distributed in various funds. Both offer standard and custom reports, including cash requirements, vendor activity and aging analysis reports.
Shelby Financials’ general ledger is FASB 117 compliant and supports multiple funds and departments. Because it integrates with payroll, AP, AR, fixed assets and other modules, multiple entry of data can be eliminated.
The payroll module handles all wage paying and reporting tasks, including gross wage and tax calculations, deductions, check printing, direct deposit and ACH, vacation and sick hour calculations and more. Administrators can also update tax tables as necessary.
Chuck from PwC
Online access to data and records general ledger and bank account management.
The payroll application was designed to fulfill the unique needs of religious organizations, but in order to comply with state and local tax are always fully supported and kept current.
Review your current GAAP FASB 116 and 117 practices and discuss with your auditor.