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Ministry Accounting

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Let us do the accounting, so you can focus on what counts

The Baptist State Convention of Michigan partners with WatersEdge to provide accounting services to Michigan Baptist churches. Ministry Accounting is designed to lift the bookkeeping burden, saving church leaders time, energy, and resources.

How we help

BSCM and WatersEdge offers the following accounting services:

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Bookkeeping

  • Bookkeeping for all operating and designated funds

  • Financial reporting

  • Accounts payable processing and check printing

  • Bank reconciliations

Payroll

  • 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 designated tithes and offerings

  • Providing annual contribution statement

Online Giving

  • Give by credit card, debit card, text, or e-check (ACH)

  • Optional automatic recurring donations

  • No setup fee and no contract

  • Low transaction fees

Fees

Ministry Accounting fees vary based upon the amount of church activity, the number of employees, and the optional services you select. Request a customized, no commitment estimate for your church today.

Bookkeeping

WatersEdge bookkeeping uses a cloud-based accounting software package, which provides:

Access from anywhere there is an internet connection

Access to dashboards and reports for clients

Management of backup and disaster recovery services

Financial Reporting

Financial reporting includes the following monthly reports: (1) Balance Sheet; (2) Income Statement, with budget to actual comparisons; (3) Designated Funds Report; and (4) Bank Reconciliation Reports.

Accounts Payable

Accounts payable processing and check printing are performed by WatersEdge based solely on specific authorization from you. We record payable transactions in the accounting system and then provide a PDF file of checks to be printed on your check stock in your office. This allows you to maintain control over the issuance of checks and retain the ability to issue manual checks, if needed.

Bank Reconciliations

Bank reconciliations are performed on all checking, savings, and investment accounts based on bank statements and online access you provide to us. We provide a bank reconciliation report on each account as part of your standard reports.

Payroll Services

We provide full-service payroll for all full-time and part-time employees. This includes coordinating the collection and transmission of payroll information for new/termed employees and processing each payroll cycle with salary and hourly information. WatersEdge also prepares and submits quarterly tax deposits and provides annual tax reports (W-2 and W-3).

Contribution Tracking

Charitable giving tracking is performed according to your requirements. Tracking services include quarterly contribution statements for donor review and verification, as well as the preparation of annual contribution statements for donor tax records.

Internal Safeguards

Segregation of responsibilities and best-practice accounting within processing ensures accountability and efficiency.

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Baptist State Convention of Michigan

41100 Plymouth Road, Suite B1-315
Plymouth, MI 48170

Email: info@bscm.org

Phone: (810) 714-1907

© 2021 Baptist State Convention of Michigan