SBA’s PPP Changes May Help Churches with Loan Forgiveness
Agency announces new direct forgiveness portal, removal of necessity questionnaires.
Bookkeeping
What the New Coronavirus Stimulus Package Means for Churches
The Coronavirus Stimulus Package creates an extension of the Paycheck Protection Program with different eligibility requirements.
How a Church Responded When a Trusted Minister Embezzled Funds
Experts weigh in during a panel discussion on what happened.
Applying for PPP Loan Forgiveness
The latest instructions to help ensure the maximum amount of your church’s loan converts to a nontaxable grant.
Q&A: In Light of the Pandemic, What Should We Include in Our Cash Balances for Forecasting Purposes?
It’s important to remember that liquidity refers to cash available for operations.
Q&A: Dynamic Cash-Flow Forecasting is Key to Managing Rapid Change
Budgeting during a time of rapid change is a matter of ditching the annual budget and doing some dynamic cash-flow forecasting and planning.
Q&A: Should We Start Digging Into Our Financial Reserves?
Churches that deplete their reserves should replenish them over time.
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.
New Stimulus Funding Replenishes Paycheck Protection Program
Churches still in need of a forgivable loan should immediately restart their efforts.
Q&A: How Should Churches Handle the Bookkeeping for Paycheck Protection Loans?
Also, do you recommend a separate bank account for these loans?
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.
Q&A: What Do We Need to Know About Outsourcing Financial Tasks?
Keep these factors mind: cost, security, and savings.
Accounting Standards Update
What churches producing external financial statements need to know about GAAP changes.
Knowing When to Outsource Church Accounting Duties
Running a financially-sound ministry begins with knowing whether to outsource church accounting duties.
The Changing Dynamics of the Church Treasurer Role
Five key developments that have reshaped the position during the past 25 years.
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.
Some Churches Keep Their Budgets Rolling
Navigating unexpected ups and downs with an alternative budget.
Q&A: What Should We Do with Old, Uncleared Checks?
Clean up the books the right way.
Better Reports, Better Results
Metrics and dashboards can shape smart financial decisions—here’s how.
Church Finance Workers: What You Do Matters
As the year comes to a close, remember the incredible value of your ministry role.