Financial Statements

Churches, ministries and non-profit organizations can be overwhelmed with the reporting requirements imposed by the Internal Revenue Service (IRS). In addition, the need to create and maintain a complete set of transparent financial records is more important than ever to your organization. A full set of Financial Statements helps to ensure good stewardship of your donor’s contributions and a positive perception by outside parties. Lawhorn & Company will construct these records for you on a monthly basis giving you the ability to have a clear and concise picture of your organization’s financial position.

Our standard bookkeeping package is offered to all of our clients.  It includes the following Reports prepared on a monthly basis:

• Reconciliation of all bank and saving accounts
• Preparation and posting of all Journals
• Preparation and posting the general ledger
• Preparation and posting of the check register 
• Recording the earnings and wages
• Statement of Financial Position (Balance Sheet)
• Statement of Revenue and Expenses (Income Statement)
• Preparation of 941s and State reports each quarter
• Year end reports, W2, W3, 1099s, 1096s and all State and local employer reports *
• Detail property and equipment listings with depreciation reports

* may incur additional material charges