Hopefully you have a trusted Finance team overseeing your contributions and finances. However, even the most honest workers need checks and balances. Do regular audits and reviews to help keep your team accountable and guard against fraud.

 

Free Manual on Auditing Your Retirement Plan

January 24th, 2017|Comments Off on Free Manual on Auditing Your Retirement Plan

Our friends at GuideStone created a free manual to help you audit your retirement plan. It is available to everyone, not just to those with plans through GuideStone. This 41-page document gives both an overview and [...]

How to Get Ready for a Financial Audit

October 26th, 2015|Comments Off on How to Get Ready for a Financial Audit

The number of Americans calling themselves Christians has dropped sharply in recent years, according to a new Pew Research Center survey---while the population of religiously unaffiliated adults is on the rise. This trend is driven [...]

Defining Internal Controls Over Financial Reporting

July 2nd, 2015|Comments Off on Defining Internal Controls Over Financial Reporting

The Center For Audit Quality, a non-profit group based out of Washington D.C., has published a great guide on Internal Controls. While the term "Internal Control" can seem imposing to a church, the concepts in [...]

Don’t Become a Statistic: Four Tips for Preventing Fraud

March 14th, 2015|Comments Off on Don’t Become a Statistic: Four Tips for Preventing Fraud

Fraud takes many different forms in today’s culture, from health care fraud to identity theft to the focus of this article: occupational fraud. There are many ways fraud can be committed at a not-for-profit organization, [...]

Church Embezzlement

August 26th, 2013|Comments Off on Church Embezzlement

The numbers just did not add up. A few years back I was working with a church that was struggling financially, yet their giving was strong. They shouldn't have been struggling to make budget. I [...]

How to Launch a Risk Management Program

June 14th, 2013|Comments Off on How to Launch a Risk Management Program

“What event might occur that could take out our church?” Drop that question at the next staff meeting and you’ll feel the tone of the room take a nose-dive. No one likes to talk about [...]

My CPA

December 17th, 2012|Comments Off on My CPA

Over my years in ministry, I have come to enjoy the relationships that I have had with the various CPAs that have helped me. Let me define what my relationship with each CPA has not [...]

Church Finance$ 101

December 5th, 2012|Comments Off on Church Finance$ 101

For many years, I gave a lecture to a "Basics of Ministry" class at Dallas Theological Seminary. I don't do much teaching at the Masters level, as I generally work with pastors in the Doctor [...]

Handling Cash

December 5th, 2012|Comments Off on Handling Cash

Consider the following scenarios:  (1) A newspaper headline reads: “Sticky Fingered Deacon Pads Wallet with Offering Plate Funds.” Nobody wants this humiliating portrayal of their church to appear in the paper. (2) A senior pastor dreads [...]

Financial Statements Matter

December 5th, 2012|Comments Off on Financial Statements Matter

“What is more, he (Titus) was chosen by the churches to accompany us as we carry the offering, which we administer in order to honor the Lord himself and to show our eagerness to help. [...]

Is Your Data Secure?

December 5th, 2012|Comments Off on Is Your Data Secure?

Think for a moment. Where do you keep information about your congregants or donors? In an Excel file on someone's desktop computer? An Access database housed on your laptop? If someone were to steal your [...]

Every Church Needs a CFO

December 5th, 2012|Comments Off on Every Church Needs a CFO

I once heard a good definition of a CFO: “Someone who solves a problem you didn't know you had in a way you don't understand.” There is some truth in this statement. However, in actuality, [...]