Ministry Accounting Services
Ministry accounting is a frequent conversation we have with churches. Churches often need help to manage vital accounting processes with confidence. In 2021, the Foundation partnered with WatersEdge to provide ministry accounting to churches who needed a solution to this problem. WatersEdge is a fee-based service that is dedicated to serving churches nationwide. Currently, there are over fifty different churches who use WatersEdge for accounting services. WatersEdge provides four accounting services:
Basic Accounting
- Bookkeeping for all operating and designated funds
- Financial reporting
- Accounts payable processing and check printing
- Bank reconciliations
Payroll Service
- Third-party payroll service
- Full-service payroll for all full-time and part-time employees
- W-2 and W-3 IRS reporting
- 941 IRS reporting and payments
Contribution Tracking
- Tracking all tithes and offerings
- Providing annual contribution statement
Online Giving
- Give by credit card, debit card, text, or e-check (ACH)
- Optional automatic recurring donations
The Foundation does not benefit financially from this partnership with WatersEdge.
WATERSEDGE UTILIZES A CLOUD-BASED ACCOUNTING SOFTWARE PACKAGE, WHICH PROVIDES:
Access from anywhere there is an internet connection
Access to dashboards and reports for churches
Management of back-up and disaster recovery services