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We’ll Do The Accounting, So You Can Focus On What Counts
WatersEdge Ministry Accounting services are designed to lift a burden off church leaders’ shoulders. You have the option of choosing which services are best suited to your church.
Hear from three area pastors about their experience with WatersEdge:
How We Help
WatersEdge offers the following accounting services:
- Bookkeeping for all operating and designated funds
- Financial reporting
- Accounts payable processing and check printing
- Bank reconciliations
- Full-service payroll for all full-time and part-time employees
- Minister-specific payroll processing
- W-2 reporting
- State and federal tax payments and reporting
Contribution Tracking Service
- Tracking all designated tithes and offerings
- Providing annual contribution statement
- Give by credit card, debit card, text or e-check (ACH)
- Optional automatic recurring donations
- No setup fee, no contract, low transaction fees
- Learn more about Online Giving
Church bookkeeping utilizes a cloud-based accounting software package, which provides:
Access from anywhere there is an internet connection
Access to dashboards and reports for clients
Management of back-up and disaster recovery services
Ministry Accounting fees vary based upon the amount of church activity, the number of employees and the optional services you select. We will invoice you in the month following the service month after all reports have been prepared.
Financial reporting will include the following monthly reports: (1) Balance Sheet; (2) Income Statement, with budget to actual comparisons; (3) Designated Funds Report; and (4) Bank Reconciliation Reports.
Accounts payable processing and check printing will be performed by a WatersEdge accounting representative based solely on specific authorization received from you. We will record the payable transactions in the accounting system. We will then provide a PDF file of checks to be printed on your check stock in your office. In this way, you maintain control over the issuance of checks and retain the ability to issue manual checks, if needed.
Bank reconciliations will be performed on all checking, savings and investment accounts based on bank statements and online access you provide to us. We will provide a bank reconciliation report on each account as part of your standard reports.
We will provide full-service payroll for all full-time and part-time employees. We will coordinate the collection and transmission of the payroll information for new/termed employees, and we will process each payroll cycle with salary and hourly information. We will prepare and submit quarterly tax deposits and provide annual tax reports (W2 and W3). We will record the appropriate transactions to the accounting system.
The giving tracking will be performed according to your requirements. From this tracking, we will prepare quarterly contribution statements for donor review and verification. We will also prepare annual contribution statements for donor tax records.
Segregation of responsibilities within processing ensures accountability and efficiency.