The 2023 Complete Year-End Checklist for Church Leaders

By Raul Rivera

As the holidays draw near, churches enter not only the season of celebration but also the anticipation of a new year—a time for reflection, gratitude for God's blessings, and strategic planning for the future.

Heading into the new year with a fresh vision requires wrapping up the current year's administrative tasks and tax responsibilities. We've curated a comprehensive checklist comprising 28 essential items to assist you in this process. This checklist is a vital tool utilized by numerous churches and ministries to ensure a solid year-end transition. It covers crucial tasks that will set the foundation for a successful start to the coming year.

There are noteworthy updates and considerations that you should incorporate into your 2023 records. Our team guides you through these changes and ensures your organization is fully prepared for the upcoming year. Here are a couple of things to note from this year that will be important to implement:

Accountable Reimbursement Policy

The IRS disallows employees from deducting unreimbursed expenses from their taxes. To ensure both you and your employees comply with this regulation, it is crucial to establish an Accountable Reimbursement Policy.

Such a policy is necessary for reimbursements to be deemed accountable, preventing employees from claiming their business expenses on their tax returns. Implementing proper policies is vital for your organization's compliance and financial well-being.

Financial Security

The year-end period presents an excellent opportunity to reconcile your church's financial records comprehensively. This process is essential as it guarantees that all transactions, including reimbursements, are accurately accounted for. Proper reconciliation brings transparency to your church's financial status and lays a robust foundation for a secure financial future.

If managing your church's finances seems daunting or lacking an in-house bookkeeper, our dedicated Bookkeeping Service is here to assist. Our team specializes in organizing and streamlining church finances, ensuring accuracy, compliance, and financial stability. With our expertise, you can confidently navigate the complexities of church accounting, allowing your ministry to focus on its core mission.

Online Presence

Having a digital presence is essential in today's world. It provides visibility for your ministry and enables online donations, enhancing your outreach efforts. Giving Halo is here to simplify your donation process and to improve transparency.

This platform provides a centralized system to manage donations efficiently. It offers features such as tracking donations, generating reports, connectivity with Stripe, prioritizing security, employing encryption, and other measures to safeguard donors' financial information.

Starting Next Year on a Solid Foundation

Don't miss out on this opportunity to streamline your year-end responsibilities and embark on a new chapter for your church. Call us today at 770-638-3444 to receive your 2023 Year End Checklist or download the checklist here and pave the way for a prosperous and organized new year!

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