Accounting
Why TimelyChurch Includes Built-In Accounting
A Chart of Accounts is the organized list of all financial accounts your church uses to track money. Think of it as the filing system for your finances -- every dollar that comes in or goes out is ...
TimelyChurch supports four kinds of entries from the Transactions page:
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...
TimelyChurch'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...
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...
The 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...
Many church expenses happen on a regular schedule -- monthly utility bills, weekly janitorial services, quarterly insurance premiums, annual software subscriptions. Instead of manually entering the...
In 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...
TimelyChurch 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...