Glossary of terms used in Church360° Ledger



Items your congregation owns. Assets could include money, buildings, land, and equipment. There are two types of assets, current and fixed.


The means through which your church organizes its accounts and records transactions for the entire organization. Most churches will require only one church book for use in Church360° Ledger.


Means for tracking projected and actual income and expenses for any given fiscal year.

 Chart of Accounts

Collection of your income, expense, asset, and liability accounts.


Type of transaction used for printing paper checks or recording hand- written checks.

 Current Assets

Assets that you can easily spend to support the congregation’s mission. Current Assets could include checking and savings accounts, certificates of deposit, and other assets that can be easily converted into cash.

 Current Liabilities

Short-term financial obligations of your congregation. These can include payroll taxes that have been withheld but not submitted or offerings received for other organizations that have not been remitted.


Type of transaction used to record money that is deposited into an asset account, such as a checking or savings account.

Expense Accounts

Accounts that record how money was spent. Expense accounts may be created to track money spent on salaries, materials for church programs, office supplies, postage, and utilities.

 Fiscal Year

Twelve-month financial-reporting period for your church or organization.

 Fixed Assets

Nonmonetary assets. Fixed assets could include buildings, pews, and organs. Fixed Assets are normally used directly in support of your congregation’s ministry, and the congregation doesn’t intend to sell them.

 General Settings

The option that allows you to record and update key information about your Church360° Ledger account, such as church name, preferred check style, church address, and church phone number.

 Journal Entry

Type of transaction most often used to note account balance corrections, interest payments, or bank fees.

 Imported Transactions

Transactions imported from another service, such as Paychex.

 Income Accounts

Accounts that record the source or revenues received. Income Accounts may be created to track money given through offerings, interest on bank accounts, or property rental income.


Sources of your congregation’s debts. You can divide liabilities into short-term and long-term debts.

 Long-Term Liabilities

Long-term financial obligations of your congregation. These could include long-term debts, such as a mortgage.


People or organizations to whom your congregation makes checks or payments.


Type of transaction used to record online and electronic payments.

Recurring Transactions

Transactions that occur repeatedly throughout a given time period.

 Restricted Accounts

Accounts that hold money reserved for a special or specific purpose. Restricted accounts may be created to track memorial money, grant money, or offerings that were given to a specific ministry need.


Ways of expanding limiting access for your Church360° Ledger users.


Ways of recording how your church receives and spends money. There are five main transaction types in Church360° Ledger: deposits, transfers, payments, checks, and journal entries.


Type of transaction that allows the user to move money between similar account types (e.g., asset to asset, income to income, or expense to expense).


Individuals who have login rights for your Church360° Ledger site.