Churches should be the place where we can fully trust everyone, which makes it so hard when church financial leaders are caught stealing money. Being vigilant and proactive can help. Here are 10 tips from Smart Church Management.
Must-know tips for managing your congregation’s money
Love it or hate it, your church must manage money. Keeping track of donations and expenses, following church financial management best practices, and even knowing where to start or where you’re going as a church is challenging. To help, Tithe.ly offers some key pointers. (Photo: SeniorLiving.org)
Can designated funds be used in case of a crisis?
It’s a common situation, especially in the current Covid-19 pandemic: Your church is facing an emergency and desperately needs to tap into funds that were donated for another purpose. This article from Central Texas Conference, UMC, sheds some light on the issue.
God, debt, money, tyranny: God and the Demonic in Martin Luther’s theology
Luther approached the matter of money, capital, and debt as the arena of an apocalyptic struggle between God and the Devil, a struggle marked by a misplaced and distorted “trust and faith.” A thoughtful article by Guillermo Hansen in Journal of Lutheran Ethics.
100 Goals for a Very Successful New Year
Will 2022 be a better year for you than 2021 was? As we all know, prosperity and success are not merely matters of chance, but also strategy and planning. Youngadultmoney.com suggests 100 goals for a great New Year.
Here’s a checklist for closing out the books for 2021
The end of the fiscal year and tax year is just weeks away. How is your church preparing to meet the legal requirements and standard good bookkeeping practices? This checklist from CapinCrouse can help you stay on target! (Photo: kenteegardin, Creative Commons)
Remember the $600 charitable deduction
For 2021 the IRS is allowing charitable deductions of up to $600 for taxpayers who take the standard deduction when filing taxes. Ordinarily standard-deduction filers cannot claim a charitable deduction. The IRS explains. (Photo: 401(k) 2013, Creative Commons)
Four ways to end the year on a financial high
Most church leaders know that year-end offerings account for an outsize portion of church income. With planning and strategizing, your congregation can make the most of the year end offering boom. From Church Law & Tax. (Photo: Steve Jurvetson, Creative Commons)
Try a narrative budget for your church this year
People’s eyes generally glaze over when they see a church’s line-item budget. What do all those numbers and categories mean? It’s daunting! A narrative budget helps explain finances in a way people can readily understand … and get behind! From the Center on Faith and Giving.
Bring more transparency to your congregation’s finances
The good news: Charitable giving is on the rise. The bad news: Giving to faith organizations is on the decline. What can religious leaders do to help? Perhaps more transparency would help. This resource from Luther Seminary explores.
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