Tag: church finances

Managing Church Finances: Church Accounting Guidelines

Belinda Whitfield, Certfied Public Accountant | INTERNAL CONTROLS

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 […]

How much ministerial debt is too much debt?

Belinda Whitfield, Certfied Public Accountant | CHURCH FINANCE TIPS

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 […]