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Career Opportunities Church Finance Church Management Church Thoughts Leadership

Budget for Contingencies

After working with several churches recently I found an interesting trend that I wanted to share.  As we were preparing budgets for the upcoming year, we found that most of the churches initial draft contained most of the line items from the previous year with an adjustment for the upcoming year.

While this is exactly correct, we found an area that many churches were leaving out and not considering.

A friend of mine has added a line item to his budget each year which he uses as contingency.  He purposefully budgets for opportunities that may arise throughout the year.  By adding this money into the budget, he is better able to make decisions as ministry opportunities arise.  He is also able to side-step potential landmines if unexpected bills should appear.

For most committee driven churches, the very idea of a contingency budget line will send most finance committee chairs into a frenzy.  However, I’d contend that the lack of this line could be more detrimental to your flexibility for ministry.

Take a minute and review your budget this upcoming year.  Have you budgeted to allow God to move and bring opportunities your way?

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Accounting Church Management Leadership

Church Accounting Internal Controls

I just received a link to a news article in the Gaston Gazette from a friend about a couple that embezzled $200,000 from their church.

[quote] Oh, that won’t happen to us, Mrs. Smith has been keeping our books for years and she is such a nice lady.[/quote]

Unfortunately, that’s what this church thought as well.  This nice, unassuming couple met at the church, were married at the church and had been keeping the books for year.  Everyone thought it was fine until they had a large bill to be paid and couldn’t.

[quote]But we have checks and balances to keep that from happening.[/quote]

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Accomplishments Church Management General

TheChurchBusinessGuys.com Helps Church Obtain Financing for a Building Purchase

We had the privilege of seeing a project come to completion today.  We were able to attend the closing on a new building for New Visions World Ministries.  This project has taken several months and required quite a few hours of document and report preparation.

We were able to prepare all the financial statements, prepare their 2011 budget and present and deliver the documents to our bank contacts.  Rick Parks at Centrue Bank was able to approve financing for the church to finalize the purchase.  It was an enduring process but to finally see it come to fruition was very gratifying.  It is awesome to be a small part of God’s work in Cahokia, Illinois.

We look forward to a continued relationship with New Visions and seeing God move in their congregation.

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Accounting Church Management

Your Virtual Back Office

I saw a commercial last night for a business software program (which will remain nameless) that says it’s like having a ‘virtual back office.’  I was instantly intrigued because, after all, that is a catch phrase we have been using.  After watching the commercial, I realized that yes, it is like having a ‘virtual back office’ with just one problem; You still have to do ALL the work!

This fired me up to spread the concept we have created with even more fervency.  Much like that software, we also provide a ‘virtual back office.’  However, our concept has one vast difference.  We are a virtual back office.  When you partner with us, you are not relying on yourself to input info into the software correctly.  With our concept, you input the information, and our experts take care of making sure the info is handled correctly.  You just sit back, and know that your books are correct, and reports are readily available when you need them.

You are good at what you do.  We are good at what we do.  Let us handle the business so you can focus on your business, ministering to your church.