Bank reconciliation is the process of matching the transactions in your TimelyChurch records to the transactions on your bank statement. This ensures that your books accurately reflect what the ban...
AccountingTimelyChurch's budgeting feature lets you create financial budgets, set planned amounts for each income and expense category, and track actual performance against your plan throughout the year. The...
AccountingPayees, also referred to as vendors, are individuals or entities your church pays. These include utilities, ministry suppliers, independent contractors, missionaries, denominational offices, and an...
AccountingThe Bills feature in TimelyChurch helps you track accounts payable before payments are issued. Instead of posting an immediate expense upon receiving an invoice, you can record the bill, monitor it...
AccountingMany church expenses and some income happen on a regular schedule -- rent, a monthly internet bill, quarterly insurance, a monthly support payment to a missionary, a standing rental income. Instead...
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, or 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 the Tracking Class field on a transaction is an analytical tag you can attach to transactions to report along dimensions outside your standard accounts, categories, or funds:
AccountingA split transaction divides a single total amount across two or more accounting categories. Instead of one line that says "Office Depot, $250, Office Supplies," you might split that same $250 recei...
Accounting