Church Finance

  By Sarah Barham It’s no secret that churches face complex challenges when it comes to their finances. Accounting, taxes, payroll, internal controls, and complying with new governmental regulations all have to be taken into consideration. Here are a few best practices that can save your church major headaches. 1. Verify and specify whether the

  Fund accounting is a specialized form of accounting that involves the tracking and reporting of financial information for separate funds or accounts. Each has a specific purpose for how the money can be used. Donors may set these restrictions with the church’s board or other stakeholders. Unlike traditional accounting, which is primarily concerned with

  By Chuck Klein Here are key areas to consider as you begin the process. Churches considering a large-scale building or expansion project often start with similar questions. The biggest concern is what questions should we be asking that we haven’t already considered? Your church’s project is unique to your needs and circumstance. It requires

  By Terry Brown Whether you’re responsible for a large city congregation or a small, local ministry, ensuring that your church is properly protected by insurance is a vital consideration. Coverage of buildings and contents will help you recover quickly from incidents large or small, while liability protection will provide extra security in today’s litigious

  Empowering Communities for Greater Impact In today’s rapidly evolving world, churches and ministries play a vital role in serving their communities. From offering Biblical guidance to providing support in times of need, these organizations act as pillars of strength for countless individuals. However, fulfilling their missions and expanding their outreach often requires access to

  By Josh Henry Life is busy. The list of things that need to get done continues to grow. Sometimes it seems like there are never enough hours in a day. And let’s be honest…you’d love to bring on another staff person, but it seems the finances just aren’t there to support it. You feel

  Learning how to record online giving for your church efficiently is important for any congregation, especially smaller ones with less staff. Simply follow these seven tips to learn how to record online giving for your church the easy way. Routinely Reconcile Whether it is a decimal in the wrong place on an individual entry

  By Sarah Barham Even in the best circumstances, managing church finances can be daunting. Factor in complex tax reports, bank reconciliations and ever-changing IRS and state guidelines, and you can guarantee church staff is overspending valuable time on accounting processes that could be streamlined. Thankfully, there’s an alternative. By outsourcing your payroll, bookkeeping, or

  By Steven Elkins As inflation rates continue to rise, churches and other ministries could be underinsured if they don’t keep up with the changing replacement costs of their buildings. Property valuation is one of the most critical but often overlooked aspects of insuring a ministry. To make sure your ministry is adequately insured, you

  You have likely seen and read articles about how online giving helps increase. It provides methods that more and more people are accustomed to—or getting accustomed to using. Since the pandemic began, churches offering online services and limited in-person attendance have been seeking solutions to keep the church doors open. Providing donors more options