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Practically speaking, how could you go about getting started in good and effective church finance operations? In this article we briefly consider the three stages of: initiation; oversight; and development. Initiation Having covered the scoping and resourcing of your church financial management, perhaps you may now be ready to start implementing elements of the material […]

So, you’re getting a bit of an idea of what may need to be covered in your church financial management, but … who’s going to do it? And what systems might you need? We explore this briefly in this article. Internal Once you have a good scope of what needs to be done and the

Before embarking on resourcing your church finance team, it may be good to explore the “lay of the land” – getting a handle of what will actually be required as you move forward. Assumptions and Approach In an earlier article we touched on what we called a dangerous assumption when it comes to resourcing your

It can be easy to get bogged down in the nitty gritty of your church accounts – there’s a lot to be done! But what are some higher-level considerations that may be helpful to put some time into (which may in turn help you with all the detail)? In this article we’ll think briefly about:

Lodging your Business Activity Statement (BAS) and/or Instalment Activity Statement) (IAS) is an important aspect of your church compliance. If your BAS/IAS is lodged late you can incur significant penalties and interest which can, in turn, affect your church budget.  And if you have inaccurate lodgements, this can make the whole process more time consuming

Good reporting can give you such an important boost in your church’s financial management. But the challenges you may face when it comes to reporting could be: knowing what reports you should be looking at each period how you can understand the information in your reports what are the implications of your report figures for

When it comes time to process or close off an accounting period (whether monthly or annually) in your church accounts, what are some of the main things that will be helpful to consider? In this article we explore briefly: your church bank reconciliation; tracking reserves for your church; and some additional checks and balances to

What types of considerations may assist when seeking to pay your church team correctly and on time? In this article, we explore some broad thoughts in term of: structure and setup; allowances and benefits; and compliance and communication. Structure and Setup As you may have experienced, your church payroll can be complicated and time-consuming. Getting