How much ministerial debt is too much debt?
Lenders use a formula called the Debt Coverage Ratio to determine whether a ministry’s debt is reasonable or too high. The Debt Coverage Ratio compares…
Month: July 2010
Don’t throw away your bank and credit card statements.
OMG! I've seen this one too many times. Here's the scenario. The pastor or other board member receives all the monthly bank statements and credit…