I've been ask more than once over the years ... "How much does your church keep in reserve?" My answer? "It depends." I haven’t come across a “standard” as it relates to cash reserves, at least that works for everyone. As church leaders, we know having a reserve is a good thing, but we’re not in the money saving business. We’re in the money spending business (for the good of the Kingdom, of course). We have to … [Read more...]
A Great Time To Get MortarStone
MortarStone Is Waiving Their Setup Fee Until February 20th!
MortarStone is an online application that helps the church to "interpret giving data for real ministry impact." Using discipleship driven analytics and easy-to-use customized reporting tools, MortarStone provides you with a window into your giving universe like nothing else. Now, until February 20th, MortarStone is offering to waive their setup fee - a savings of up to $2,500. That is a pretty sweet deal if you … [Read more...]
The 5 Myths Of Asset-Based Giving
A Free eBook From The Giving Crowd
As a church leader I know, like me, you dream of making an impact on the lives of the people that call your church home. You also know that funding that dream is a major challenge. Implementing an effective asset-based funding stream is something that more and more church leaders are embracing as a part of their overall donor development strategies. Asset-based fundraising, however, is widely misunderstood and … [Read more...]
Developing A Chart Of Accounts
Creating The "Backbone" Of The Church's Financial Infrastructure
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...]
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