Spring is in the air! If you are like me, you may feel motivated to do a little spring cleaning around the house. It feels good to get rid of papers, magazines, and other items that have been accumulating all winter. The sweater Aunt Marge gave you for Christmas three years ago that you never… ⪼ Continue Reading…
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The “You don’t have to be a CPA to learn Fund Accounting” Series: Part 4
The way churches structure their accounting really starts at what the accounting standards dictate and what the users want to see in the reports. In essence, the church must start at the end – the reports – and work their way backwards to see what will produce the desired result. Now that we have examined… ⪼ Continue Reading…
The “You don’t have to be a CPA to learn Fund Accounting” Series: Part 3
The way churches structure their accounting really starts at what the accounting standards dictate and what the users want to see in the reports. In essence, the church must start at the end – the reports – and work their way backwards to see what will produce the desired result. Now that we have examined… ⪼ Continue Reading…
The “You don’t have to be a CPA to learn Fund Accounting” Series: Part 2
The way churches structure their accounting really starts at what the accounting standards dictate and what the users want to see in the reports. In essence, the church must start at the end – the reports – and work their way backwards to see what will produce the desired result. Now that we have examined… ⪼ Continue Reading…
The “You don’t have to be a CPA to learn Fund Accounting” Series Part 1
In today’s economy, churches often compete with other charitable organizations for valuable member donations. If members are experiencing financial setbacks, they may have less money allocated toward charitable giving. Churches will want to make sure they have their donation and accounting systems set up correctly so that member donations are accurately recorded and donation statements… ⪼ Continue Reading…
Run your church like the Pros do on the weekend!
Statement of Activities The Statement of Activities is the nonprofit equivalent to an Income Statement and was developed so organizations could track their revenues and expenses by fund. It is a required financial statement for any size nonprofit organization just like the Statement of Financial Position – see how a church’s balance sheet is like… ⪼ Continue Reading…