Payees also called vendors are the people and organizations your church pays money to. This includes utility companies, suppliers, contractors, missionaries, denominational offices, and anyone else...
AccountingThe Bills feature in TimelyChurch helps you track money your church owes to vendors before it is paid. Instead of recording an expense the moment you receive an invoice, you can enter the bill firs...
AccountingMany church expenses happen on a regular schedule -- monthly utility bills, weekly janitorial services, quarterly insurance premiums, annual software subscriptions. Instead of manually entering the...
AccountingIn accounting, a journal entry is a record of a financial transaction. In TimelyChurch, most everyday entries you create -- through the Transactions page, the Check Register, a bill payment, a dona...
AccountingTimelyChurch provides several built-in financial reports that give you and your church leadership a clear picture of your financial health. All reports pull data directly from your accounting trans...
AccountingMost banks let you download a CSV file of transactions for any statement period. Instead of typing each line into TimelyChurch by hand, you can upload that file and let the system parse it, match i...
AccountingA tracking class shown as the Class field on a transaction is a tag you can attach to a transaction to slice your reports along a dimension that is not a category, account, or fund. The most common...
AccountingA split transaction is a single transaction whose amount is divided across two or more categories. Instead of one line that says "Office Depot, $250, Office Supplies," you might split that same $25...
AccountingThe Year-End Close is a guided workflow that finalizes a fiscal year's books. Once a year is closed:
AccountingWhen a donor gives online through Stripe, the gross amount they donated and the amount that lands in your bank account are not the same number. Stripe deducts a processing fee before depositing the...
Accounting