Jump directly to the Content

Three Keys for Communicating Financial Information

Keep your financial reports focused and useful.

Three Keys for Communicating Financial Information
Communication

When communicating financial information to boards and committees, keep the following three key factors in mind.

1. Accuracy

Your credibility is on the line when you provide financial information for meetings. A mistake can happen, but if there is a pattern of necessary revisions to reports that have already been released, people will begin to lose trust in the information. It's important to view preparing for these meetings as more than just another task on your to-do list. The information you provide may be used to make significant decisions about the direction of the ministry. It is critical that every report is accurate.

2. Timeliness

Information that is received too late may be as useless or detrimental as incorrect information. For example, let's say you made an electronic payment for a large bill incurred to resurface the parking lot. It didn't come through as a check, so ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • September 17, 2018

Related ResourcesVisit Store

Church Finance
Church Finance
Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.
2021 Church & Clergy Tax Guide (Book)
2021 Church & Clergy Tax Guide (Book)
The most comprehensive and authoritative tax guide available.
12 Steps for Sound Ministry Budgeting
12 Steps for Sound Ministry Budgeting
The steps to better plan, organize and allocate your organization’s financial resources
2022 Church & Clergy Tax Guide
2022 Church & Clergy Tax Guide
Support your ministry with the most authoritative and comprehensive, year-round tax resource.