Many churches have come to realize the benefits of outsourcing a portion of their accounting. They have found that outsourcing can actually save them money - the savings can come by eliminating the need for dedicated and expensive accounting specialists or by freeing up staff to do ministry rather than the more time consuming aspects of accounting. There can be other benefits such as less demand for office space, extra phones and more.
One of our customers is saving over $30,000 per by eliminating a full time bookkeeping position and outsourcing to Martus. This was accomplished by shifting the accounts payable duties to an existing administrative employee, outsourcing the other accounting functions and their payroll processing to Martus. In addition to the cost savings, their monthly financial reports are not only produced a full 2 weeks earlier each month but they are also much easier to comprehend and draw conclusions from. To top off all of this, they also received the tremendous benefits of our exclusive online Stewardship Dashboard™.
The Martus approach is to relieve its customers of the aspects of accounting that require a higher skill level such as month end processing and reporting. Additionally Martus provides its outsourcing customers CFO type analysis and support. Churches get all of this at a fraction of the cost of a full time bookkeeper.
Martus also helps its customers to implement a proper system of checks and balances in the accounting processes to help prevent unnecessary expenses and fraud. Having an outside firm reviewing your accounting helps to assure that all expenses are properly accounted for and reported.
To discuss your specific situation, please contact us. You're under no obligation.