Agency announces new direct forgiveness portal, removal of necessity questionnaires.
The Coronavirus Stimulus Package creates an extension of the Paycheck Protection Program with different eligibility requirements.
Experts weigh in during a panel discussion on what happened.
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.
Budgeting during a time of rapid change is a matter of ditching the annual budget and doing some dynamic cash-flow forecasting and planning.
Churches that deplete their reserves should replenish them over time.
For loans under $2 million, the SBA will assume the borrower determined in “good faith” that it met the PPP loan requirement.
Churches still in need of a forgivable loan should immediately restart their efforts.
Also, do you recommend a separate bank account for these loans?
From off-the-shelf solutions to cloud-based systems, church leaders weigh in on how to make the best choices.
Keep these factors mind: cost, security, and savings.
What churches producing external financial statements need to know about GAAP changes.
Running a financially-sound ministry begins with knowing whether to outsource church accounting duties.
Five key developments that have reshaped the position during the past 25 years.
Church financial reporting is a crucial part of church governance. That's why it's wise to remember your audience.
Navigating unexpected ups and downs with an alternative budget.
Clean up the books the right way.
Metrics and dashboards can shape smart financial decisions—here’s how.
As the year comes to a close, remember the incredible value of your ministry role.