Recommended Reading Managing Tough Financial Times Articles to help you adjust budgets, think strategically, and approach the challenge with confidence. The Editors
A 12-Point Checklist for Setting Church Fundraising Guidelines This downloadable 12-point checklist is created for those wondering how to establish church fundraising guidelines. Jeff Hanna
Will Your Church’s “Good Faith Certification” for a Paycheck Protection Loan Come into Question? For loans under $2 million, the SBA will assume the borrower determined in “good faith” that it met the PPP loan requirement. Frank Sommerville and Cory Halliburton
New Stimulus Funding Replenishes Paycheck Protection Program Churches still in need of a forgivable loan should immediately restart their efforts. The Editors
On-Demand Webinar Church Financial Management in Challenging Times CPA Michael E. Batts helps churches navigate financial concerns created by the pandemic in this on-demand webinar. Featuring Michael E. Batts
Q&A: How Should Churches Handle the Bookkeeping for Paycheck Protection Loans? Also, do you recommend a separate bank account for these loans? Vonna Laue
Q&A: Handling Donation Funds for Mission Trips Postponed by Pandemic The church could be liable to the donors for not fulfilling the purpose of the gift. Frank Sommerville
Tips on Selecting a Tax Preparer Choose a person with experience preparing ministers' tax returns. Richard R. Hammar
New Lease Reporting Standard Deferred Important update for churches that follow generally accepted accounting principles. The Editors
How to Select the Right Accounting Software for Your Church From off-the-shelf solutions to cloud-based systems, church leaders weigh in on how to make the best choices. Ruth Moon Mari
Determining Financial Policies for Your Church How to identify the policies needed for sound financial management. Michael E. Batts
Church Finance Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.
Q&A: What Do We Need to Know About Outsourcing Financial Tasks? Keep these factors mind: cost, security, and savings. David Fletcher
Does Your Church Have a Capital Reserve Account? Setting and building a capital reserve account fund can help your church prepare for inevitable future expenses.
Q&A: Are Items Sold in Our Church’s Welcome Center Considered Unrelated Business Income? What to know before stocking up on T-shirts and coffee mugs with your church logo. Frank Sommerville
Accounting Standards Update What churches producing external financial statements need to know about GAAP changes. Michael M. Lee
Knowing When to Outsource Church Accounting Duties Running a financially-sound ministry begins with knowing whether to outsource church accounting duties. Bob Smietana
Communicating Key Financial Information to Church Boards, Committees The key to sharing financial information with church committees and boards? Be accurate, be timely, be relevant. Vonna Laue
The Changing Dynamics of the Church Treasurer Role Five key developments that have reshaped the position during the past 25 years. Bob Smietana
Know Your Audience: Tips for Church Financial Reporting Church financial reporting is a crucial part of church governance. That's why it's wise to remember your audience. The Editors