Normally at year end we take extra time to review our financial statements. It’s usually at that time that you notice if you have a lot of designated or donor-restricted funds. Do we have to track them in perpetuity or can we legally clean them up? I give you the four step process for cleaning up old designated funds.
Besides Excel or your accounting system, what are the go-to resources for a church treasurer? As I think back on the last 20 years, I came up with three that I find myself going back to over and over again.
One of the more confusing things about the Global Methodist denomination is where to send payments. I’m going to answer that question.
This is a busy time of year for church treasurers. You’re trying to wrap up 2023 (giving statements, W-2’s, and 1099’s) plus there are some things you need to do in order to get setup for 2024. One of those things is entering your budget into the accounting system.
In the video, I walk you through the process of either importing a spreadsheet or manually entering in a budget in QuickBooks Online.
I have some of my best thoughts either when I’m taking a rest break or in the shower. The other day, I had one of those thoughts that is probably worth sharing. Actually two thoughts:
1)What does it look like for a church to judge its members well?
2)What makes a good church policy?
For church and nonprofit communications, Mail Merge with Microsoft Word and Excel is a powerful tool. It makes it possible to customize your mass communications (email, paper, or both).
The example I give in the video is for church donor statements, but I’ve used this for all kinds of financial communications. You don’t always need fancy software to put out fancy communications.
I’m a pretty poor prognosticator, but at least I try! 😉 Enjoy this year’s predictions!