MANAGING CHURCH FINANCES: COLLECTING OFFERINGS We are on to another area of systems of internal controls for managing church finances. Let’s focus now on the collecting offerings. This function is […]
MANAGING CHURCH FINANCES: CHOOSING USHERS WISELY Choose Ushers Wisely – Here are tips on screening, selecting and training ushers on handling money. Your ushers are at the heart of the internal […]
In looking at systems of internal control needed in the handling and managing church finances, we need to examine the control measures needed during the actual collection other of the […]
Let’s look at how we can set-up church accounting guidelines for handling of the church finances. In the accounting world we refer to this as internal controls. One very common and […]
The Internal Revenue Service issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on […]
Is your church or ministry issuing IRS compliant contribution statements?Imagine what would happen if your pastor’s tax return or a member’s tax return was audited and the IRS requested supporting […]
I’m going to give you this really simple – well kinda simple checklist to get your 501c3. It’s not all inclusive, but its here just to give you an overview […]
Does your church or ministry use a business credit cards? If you’re the bookkeeper and your ministry is using a debit card or credit card, I know you have your […]
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 the borrower’s annual net income […]
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 card statements. They look over […]