Essential Financial Reports for Churches
We can’t say this enough - accountability is so important in bookkeeping for churches. Keeping clear, accurate, up-to-date books is key. And even more importantly, the right person doing those books is key.
You must properly categorize every dollar that comes in and goes out.
Your bookkeeping should always include these reports:
Your Profit & Loss Statement
Your Statement of Financial Position (or your big picture financial health)
Your Budget to Actual Report (your plan for your budget vs. what’s actually happening with it)
These reports tell your church’s story in numbers:
How much you’re spending
What your priorities are as an organization (versus what you say they are)
Where you can update, cut, or change how you allocate funds
No need to be overwhelmed by information overload, we provide free monthly reports training for our clients “Understanding Your Reports”.
If you’re looking for a quality bookkeeper for your church, we’d love to help get your money on mission. Get a free estimate.