I hear it all the time, "Sunday comes with amazing regularity, every 7 days." As an executive pastor, I would say that financial planning comes with amazing regularity. Knowing that many of you are now working on your church's 2022 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 Creating A Chart Of … [Read more...]
Creating 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. Those … [Read more...]
Creating The Annual Budget
The Annual Process Of Developing The Budget, Along With A Few Pointers
In my role as Executive Pastor, one of the things I can never avoid is doing the budget for the church each year. The budget is due to the eldership in early December, and it takes a bunch of work to get it together. I usually start working on it in mid to late September. I wanted to share the process I go through each year, along with a few pointers. I’ll assume your church uses QuickBooks or some other … [Read more...]