Most people have heard the phrase “cash is king” and when it comes to church finances and budgeting through the year, churches would probably agree with this statement. After all, does the church really like to borrow money in the summer months just to make payroll, fund a ministry, or keep the lights on in… ⪼ Continue Reading…
budget
Cash or Accrual Based Accounting?
Should a church use cash or accrual based accounting? The short answer is it depends on multiple factors if a church should use cash or accrual based accounting. For more information on fund accounting. Let’s first explain the difference by their accounting definition: Cash based accounting – is when an organization writes the check out… ⪼ Continue Reading…
Streamline Church Software and Reduce Cost!
As churches seek to increase efficiency on smaller budgets, looking to cloud-based church management software (ChMS) has incredible advantages to reduce cost and streamline church software. While there are many church technology providers on the market offering robust church management solutions, few have complete fund accounting, donation, and payroll modules in addition to membership management-all… ⪼ Continue Reading…