A fundamental first step in completing a financial plan is the creation of a Chart Of Accounts. I've had more than a few conversations with church leaders on this topic. In my experience, the primary thing to consider when creating a Chart Of Accounts is "Reporting." I've run into more than a few financial types who want to break everything down into its category and subcategory, to the point of uselessness. The … [Read more...]
Help With The Annual Budget
A List Of Executive Pastor Online Budgeting Resources
I hear it all the time, "Sunday comes with amazing regularity, every 7 days." As an executive pastor, I would say that budgeting comes with amazing regularity, every year. Knowing that many of you are now working on your church's 2020 budget, I thought I would post a list of Executive Pastor Online resources that will help you get it done. Take a look ... Developing An Income Model Developing A Chart Of … [Read more...]
Financial Hardship Policy
Addressing The Issue Of Financial Hardship In The Church In A Healthy Way
The church has a responsibility to its attendees and members when they are faced with financial hardship. However, there are three clear biblical guidelines for how individual Christians and churches should help those in need within the church. First, each Christian should provide his or her own financial support. 2 Thessalonians 3:7-10 states, For you yourselves know how you ought to follow our example. We … [Read more...]
Developing An Income Model
The First Step In Developing An Annual Budget For The Church
Work on the annual budget begins in early August. And, it begins with projecting income. What kind of General Fund giving is reasonable to expect for the coming budget period? The most accurate way to project giving for the future is to use data from the past. Read on and develop a detailed understanding of how to approach the development of an Income Model for your church. Please download and have this Income … [Read more...]
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