Search found 15 matches
- Tue Jan 20, 2026 3:29 pm
- Forum: Accounting
- Topic: Payroll - pastor housing exclusion
- Replies: 1
- Views: 574
Payroll - pastor housing exclusion
Our pastor gets to claim an income deduction that is called "housing exclusion" which goes into Box 14 on the W-2. However, I cannot figure out how to have this calculate into his taxable wages for the 941 report. It is not real money paid to anyone... just a reduction of reportable income. So far I...
- Tue Jan 20, 2026 3:25 pm
- Forum: Accounting
- Topic: Payroll - group life insurance income item
- Replies: 1
- Views: 677
Payroll - group life insurance income item
The Methodist church (globally) provides group term life insurance to pastors, and the cost of that coverage must be reported as additional income for the pastor. It is NOT an expense of our church. I cannot find a way to add income to him without it being an expense to us. Will I just have to manua...
- Sat Dec 27, 2025 9:21 am
- Forum: Accounting
- Topic: Printing 2025 w-2's
- Replies: 3
- Views: 1189
Re: Printing 2025 w-2's
thanks so much! In previous years I was never this so far ahead in my work! Sue
- Fri Dec 26, 2025 1:53 pm
- Forum: Accounting
- Topic: Printing 2025 w-2's
- Replies: 3
- Views: 1189
Printing 2025 w-2's
I have run my final payroll for 2025 and gone through the W-2 assistant screens to get all dollar amounts correct. However, on the final screen, the box to print the W-2's on plain paper is grayed out and I cannot print them. Have I missed a step, or does Power Church have to do some final formattin...
- Mon Sep 15, 2025 9:51 pm
- Forum: Accounting
- Topic: unrealized gains and losses on investment account
- Replies: 1
- Views: 4631
unrealized gains and losses on investment account
We will be receiving a large bequest soon and opening our first investment account. how do we account for the unrealized gains and losses reflected on the monthly statement? This is a new restricted fund (building fund) and we intend to use the unrestricted income for operating expenses.
- Fri Feb 28, 2025 6:47 am
- Forum: Accounting
- Topic: Payroll-can pastor get two separate checks?
- Replies: 4
- Views: 7911
Re: Payroll-can pastor get two separate checks?
Aha! Perfect solution, thanks!
- Thu Feb 27, 2025 3:41 pm
- Forum: Accounting
- Topic: Payroll-can pastor get two separate checks?
- Replies: 4
- Views: 7911
Re: Payroll-can pastor get two separate checks?
Thanks for your quick response! But how do I issue two separate checks through Payroll to the same individual? Do I need to edit the pay items each time I "process payroll", making one item $0 and then process payroll for him a second time making the other income item $0??
- Thu Feb 27, 2025 10:20 am
- Forum: Accounting
- Topic: Payroll-can pastor get two separate checks?
- Replies: 4
- Views: 7911
Payroll-can pastor get two separate checks?
Our pastor receives a salary, and an additional income item of "housing allowance". He has numerous deductions for insurance premiums, retirement contribution, and voluntary Federal tax w/h. Currently all of this is issued in one paycheck, with all these pay items in one screen. He would like his ho...
- Fri Jan 10, 2025 11:53 am
- Forum: Accounting
- Topic: Changing chart of accounts
- Replies: 1
- Views: 3582
Changing chart of accounts
We have been using PC for 6 years, and now realize we could really improve our reports if we reorganized some of the chart of accounts. We use Version 12. I'm not certain if the past history of an account will follow if I change it's number. For example: we have expense account for Phones & Internet...
- Thu Jun 20, 2024 1:07 pm
- Forum: Accounting
- Topic: How to increase a fund balance
- Replies: 2
- Views: 3791
Re: How to increase a fund balance
Thanks so much!
- Thu Jun 20, 2024 9:59 am
- Forum: Accounting
- Topic: How to change a restricted fund to unrestricted
- Replies: 2
- Views: 3864
Re: How to change a restricted fund to unrestricted
Thanks so much for your clear advice. We'll discuss which route to take!
- Thu Jun 20, 2024 7:26 am
- Forum: Accounting
- Topic: How to increase a fund balance
- Replies: 2
- Views: 3791
How to increase a fund balance
I have a temporarily restricted fund 01-3272 that should actually have a higher balance - there is money in a CD that belongs in this fund. The CD of course needs to remain as an open bank account. So to increase the fund balance by $20,000, I know i need to credit 01-3272. But what account do I deb...
- Tue Jun 18, 2024 9:16 am
- Forum: Accounting
- Topic: How to change a restricted fund to unrestricted
- Replies: 2
- Views: 3864
How to change a restricted fund to unrestricted
We set up a Repairs Reserve fund years ago and treated it as temporarily restricted. We now realize that as a board directed fund (the board transferred money from the general fund into this one as a rainy day fund) it it not a donor restricted fund at all. I have tried deleting it under the "mainta...
- Thu Feb 22, 2024 8:00 am
- Forum: General Questions and Discussion
- Topic: PC ver 12 on Windows 11?
- Replies: 1
- Views: 19700
PC ver 12 on Windows 11?
Can we run PC version 12 on a new Windows 11 computer? We've been using Windows 10 since we began using Power Church.
- Mon Jan 12, 2015 2:21 pm
- Forum: Accounting
- Topic: Pastors housing exclusion allowance in payroll
- Replies: 1
- Views: 1037
Pastors housing exclusion allowance in payroll
We pay our pastor an "income" item which fits under the PC "Housing Allowance" section in Payroll and works just fine. However, he is also eligible for a tax deduction called "Housing Exclusion Allowance" (section 107 of the IRS code), which does not effect his net pay, but is an annual income deduc...