Category: News

PSK’s Office Olympic events were Waste Can Basketball, Pool Noodle Javelin Throw, Table Top Volleyball, Office Chair Rowing , Rubber Band Gun Shooting and  10 Key 100 Yard Dash.  Medals were awarded and everyone had a great time.

http://www.fortworthbusiness.com/ceo_magazine/page-p/page_d550a18b-6fab-5356-9541-7b5a93caee3e.html

PSK LLP is pleased to announce the promotion of Marie Bosillo, CPA to partner as of July 1, 2015.  Marie joined the firm in 2007 and her main service area is audit. This promotion is well deserved and will add to the continued success of PSK in the years to come.

The larger a church grows the more ministries it will enter into. (Examples include day care services, private schools and family life centers.)  Following their parent church’s lead, these satellite ministries often launch into a significant growth arc placing additional pressures on church administrative staff. Due to the “tyranny of the urgent”, an already time-strapped […]

In order to make good and timely financial decisions a church must have a strong financial REPORTING system.  This system will also provide the transparency and accountability in financial activity that all churches should strive for.  The end-product of a strong system is a complete set of financial statements that give a clear picture of […]

When discussing fraud, churches continue to believe in the myth that “it can’t happen here”. In their annual report to the nations, the Association of Certified Fraud Examiners released statistics that debunk this myth.  According to the ACFE, more than 14% of reported fraud cases involved nonprofit organizations with churches and religious groups accounting for […]

Many churches issue credit cards (In the name of the church) to ministers and other employees.While credit cards provide the benefit of efficiency, they also present quite a few problems to a church.  For example: Credit cards can be used to circumvent the budget.  Poor judgment can result in a tarnished reputation for the church […]

One of the biggest pains in the neck for church administrators is managing expenses incurred by employees (primarily ministers) on behalf of their church. Many ministers are very good about asking for the reimbursement but very deficient in sticking to accountability requirements. In spite of knowing that expenses reimbursed without accountability MUST be reported as […]