This is another posting in the MinistryCPA Top 10 series: Being the treasurer can be a big task, especially when you are new to the position. There are many different aspects of church finance, from internal financial reporting to church payroll. Today we are going to cover 10 questions that we receive from new treasurers. 1. How do I create a budget? Budgets are largely based on the previous year’s performance. Budgets should be created with the help of old financial statements as well as people who will be using the funds. A budget committee can be formed from church members, board members, and pastors to help plan what the church will require for different ministry expenses. These numbers can then be put into budgetary financial statements to help show the financial position of the church at the end of the year. 2. What policies should be in place to protect people in the ministry regarding cash receipts and disbursements? Cash receipts is an area that needs to be carefully moni
This blog posts answers to questions given to us by ministers and others serving in Christian ministries advancing the gospel of Jesus Christ. It also discusses other financial topics that those in gospel ministries face. We trust the information provided can be helpful to you.