Routine & Standard Monthly Services
Our standard monthly services are designed to keep your financial records accurate, current, and ready for review.
Bank & Credit Card Reconciliation
- Reconciliation of bank and credit card statements on a regular monthly basis.
- The number of accounts requiring reconciliation will be considered when determining onboarding requirements and monthly service fees.
Monthly Accounting & Journal Entries
- Preparation of journal entries as needed to accurately reflect monthly financial activity.
- Ongoing review and maintenance of accounting records.
Monthly Financial Statements
- Preparation of monthly financial statements and reports to provide leadership with a clear picture of the organization's financial position and activity.
Payroll & Tax Filing Support
- Payroll processing and applicable monthly and quarterly tax filings.
- Services are provided based on the organization's specific payroll and reporting requirements.
Ongoing Communication & Support
- Regular communication with designated pastors, administrators, bookkeepers, board members, or other key staff.
- Collaboration with your team to help ensure financial information is accurate, complete, and properly reported.
Optional & Specialized Services
In addition to our routine monthly services, OMFS offers a variety of additional services that can be customized to meet your organization's needs.
Expense Coding
- Coding and categorization of expenses in accounting and church-management platforms such as QuickBooks Online, Aplos, or PowerChurch Plus Online.
Accounts Payable
- Processing and payment of bills with appropriate authorization and approval, using electronic payments and authorized automatic drafts whenever practical.
Contributions Management
- Recording contributions in your donor-management system.
- Matching contribution records to deposits and maintaining detailed information provided by the organization.
Year-End 1099 Preparation
- Preparation of applicable 1099 forms at year-end when required.
- W-9 forms and required vendor information must be provided by the organization.
Accounting Platform Setup & Migration
- Guidance, hands-on assistance, and training for establishing or migrating to an accounting platform such as QuickBooks Online.
- Setup and migration services may be included in onboarding fees when applicable.
Chart of Accounts Development & Customization
- Development, review, or customization of a chart of accounts to meet the organization's reporting and operational needs.
- This service may be included as part of onboarding when a chart of accounts is not already established.
Backlog Cleanup & Catch-Up Services
- Assistance with bringing financial records up to date.
- Cleanup of historical transactions and preparation of accurate financial reports when records are behind or incomplete.
- Catch-up and cleanup services may be included in onboarding fees when applicable.
Annual Budget Preparation
- Assistance with developing annual budgets from the ground up.
- Budget preparation can incorporate guidance from pastors, boards, leadership teams, and administrative staff, as well as available historical financial data.
Financial Policies & Procedures
- Assistance with establishing or updating financial policies, procedures, and internal controls.
- Development of documentation designed to promote accountability, consistency, and sound financial practices.
Financial Reporting, Compilation, Review & Audit Support
- Assistance with financial reporting and preparation for compilation, review, or audit engagements.
- Support designed to help organizations maintain financial records and policies appropriate for legal, donor, board, or other reporting requirements.
Financial Consultation
- Strategic financial consultation for pastors, ministry leaders, boards, and administrative teams.
- Assistance with financial planning, budgeting, reporting, internal controls, and other financial management needs.
Nonprofit Tax & Filing Support
- Assistance with applicable Form 990 filings for nonprofit organizations.
- Services are based on the organization's specific filing requirements.
Nonprofit Organization Setup
- Assistance with establishing nonprofit organizations and coordinating the financial and administrative components of the startup process.
- Legal documents and legal services should be obtained from qualified legal professionals when required.
Custom Projects
- Customized financial solutions for special projects, organizational transitions, new initiatives, financial reorganizations, or other unique needs.
Minister Tax Return Services
Preparation of ministers' tax returns and related tax reporting needs.
Routine & Standard Monthly Services
Our standard monthly services are designed to keep your financial records accurate, current, and ready for review.
Bank & Credit Card Reconciliation
- Reconciliation of bank and credit card statements on a regular monthly basis.
- The number of accounts requiring reconciliation will be considered when determining onboarding requirements and monthly service fees.
Monthly Accounting & Journal Entries
- Preparation of journal entries as needed to accurately reflect monthly financial activity.
- Ongoing review and maintenance of accounting records.
Monthly Financial Statements
- Preparation of monthly financial statements and reports to provide leadership with a clear picture of the organization's financial position and activity.
Payroll & Tax Filing Support
- Payroll processing and applicable monthly and quarterly tax filings.
- Services are provided based on the organization's specific payroll and reporting requirements.
Ongoing Communication & Support
- Regular communication with designated pastors, administrators, bookkeepers, board members, or other key staff.
- Collaboration with your team to help ensure financial information is accurate, complete, and properly reported.
We Also Offer Specialized Financial Support for Assemblies of God District/Network Affiliated Churches
Serving Assemblies of God District/Network Churches with trusted, mission-minded financial solutions.