Implementing a Health Reimbursement Arrangement (HRA) can be a game-changer for churches looking to provide affordable and comprehensive health benefits to their employees. By offering tax-free reimbursements for medical expenses, HRAs can help churches attract…
In today’s digital age, churches must adapt to the changing landscape of giving. On-line donations provide a convenient and secure way for members to give, while also reaching a wider audience. By embracing technology, churches…
“Budgeting” the Statement of Financial Position (Balance Sheet) Now, for those bookkeepers and accountants who might be reading this, don’t panic. I know we don’t create a budget for the Statement of Financial Position (Balance…
You Have A Budget, Now What? Budgeting is such an important tool for so many reasons. In his book, Essential Guide to Church Finances, Richard Vargo lists 10 important reasons: Formalizes planning Reduces emotion-charged discussions…
Operations Budget Process As discussed in a previous blog, there are a variety of types of budgets that your church may need to develop. The Operations Budget is the forecast of your day to day…
Every organization has a limited amount of resources. Just like a family, a church must be aware and wise about how and when they spend their funds. Unfortunately, there will always be more need than…
Did you know that there is more than one type of budget that your church may need to be concerned with? Your operating budget is a plan for your everyday operations – the income and…
Budgeting is about estimating your expectations of income and expense for a given period of time. It is a plan of operations based on the budget that you created. It is actually a ‘living’ document…
