Comprehensive cloud-based church management software for ministry and financial administration.
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IconCMO is designed to be IRS and FASB compliant, specifically adhering to FASB 958 standards for true fund-based nonprofit accounting. This ensures that financial reports, such as balance sheets and revenue/expense reports, are organized by fund and meet regulatory requirements.
Yes, IconCMO's fund accounting system allows churches to manage multiple distinct funds within a single bank account. It also tracks credit card expenses by fund, providing granular financial oversight even with consolidated banking.
IconCMO provides customizable fields to record specific information such as allergies, emergency contacts, and spiritual gifts. It also allows for archiving records to keep the database clean while retaining historical data, and enables tracking of special events like birthdays and baptisms.
For donations, IconCMO automatically sets up each year's donors and allows for easy printing or electronic sending of IRS and CRA compliant donor statements. For payroll, it includes updated tax tables and supports electronic filing of W-2s, simplifying end-of-year reporting.
Yes, IconCMO supports importing donations from text files in comma-delimited (CSV) or tab-delimited formats. This feature allows churches to migrate their historical contribution records into the system for continued tracking and analysis.
Source: iconcmo.com