Ministry Accounting for Church Plants

church ministry accounting advisors

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Get Your Church on Solid Financial Footing From the First Day.

WatersEdge Ministry Accounting services are designed to lift a burden off church planters’ shoulders. Through our unique partnership with the North American Mission Board (NAMB), we’ll provide your new church with the services you need at no cost for one year — from basic accounting to payroll and more. We’ll do the accounting, so you can focus on what counts.

Hear from three area pastors about their experience with WatersEdge:

How We Help

WatersEdge offers the following accounting services:

Basic Accounting

  • Bookkeeping for all operating and designated funds
  • Financial reporting
  • Accounts payable processing and check printing
  • Bank reconciliations
 

Payroll Service

  • 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
 

Online Giving

  • 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

What Makes WatersEdge Ministry Accounting Different?

We are church people doing church accounting for ministries just like yours. Unlike other accounting firms, WatersEdge provides access to software made specifically for churches, along with payable processing and online giving.

 

WatersEdge

Other Church Accounting Services

Software
   
Powered by Aplos, a software specifically designed for churches & nonprofits

Online access provides you real-time financial information from anywhere

Complimentary software training

Financial data uploaded to software for you

Accounting
   
Optional on-site check printing

Designated fund management and tracking

Bank reconciliations

Monthly financial reporting

Payable Processing – capture invoice data, code appropriately, and pay third-party vendors accurately

Custom vendor payment schedule

Payroll
   
Direct deposit payroll for full-time & part-time employees on the pay cycle of your preference

Payroll tax payments and tax reporting (quarterly and/or annually)

Contribution Tracking
   
Donor contribution tracking & reporting

Online giving with text-to-give options

Bookkeeping

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

Fees

We partner with the North American Mission Board (NAMB) to provide our ministry accounting services to church planters at no charge.

Financial Reporting

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

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

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.

Payroll Services

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.  

Contribution Tracking

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.

Internal Safeguards 

Segregation of responsibilities within processing ensures accountability and efficiency.