Finance Issues
There are so many financial issues for a church!
Negotiating Church Contracts Is a Stewardship Issue
Church leaders are often careful with large expenses like building projects, staffing plans, and major ministry initiatives. Many churches quietly lose money in smaller monthly contracts that renew year after year. Copier leases, online [...]
Stewardship & Strategy: Financial Leadership for Church Leaders
Your church’s finances are more than spreadsheets; they’re a reflection of stewardship, vision, and trust. Gain practical insight into key financial matters executive pastors should be monitoring, including succession planning, fundraising, budgeting, fraud prevention, [...]
Should Your Church Change Its Fiscal Year-End?
If your church uses a calendar year-end of December 31 as its fiscal year-end, you may want to consider whether you would benefit from changing it. We continue to see more churches moving away [...]
Money and Ministry: 7 Costly Financial Mistakes to Avoid, Part 2
This is part 2 of our webinar with Ken Tan. Churches face a multitude of changes today. And the rate and extent of change are greater than ever, which means church leaders need to [...]
Money and Ministry: 7 Costly Financial Mistakes to Avoid
Churches face a multitude of changes today. And the rate and extent of change are greater than ever, which means church leaders need to identify trends sooner and respond faster. Join us as we [...]
Finance 101 in Brief: A Quick Dive into Key Topics
Join Fletch and Mike Lee as they break down the key essentials every XP needs to know about internal financial reporting, managing financial health, debt considerations, and data security practices. [...]
IRS Issues Employee Retention Credit Disallowance Letters and Releases More Warning Signs
The Employee Retention Credit (ERC) is a fully refundable payroll tax credit designed to assist employers affected by the COVID-19 pandemic. It can provide a significant refund for eligible employers. In September 2023, the [...]
Internal Controls: Practical Steps for Churches to Implement
Effective internal controls are vital to helping your church safeguard your resources, ensure financial integrity, and foster trust. We’ll share the latest research on how organizations are affected by fraud and discuss [...]
How to Activate Your Church Buildings for Greater Community Impact
Has your church considered ways you could use your buildings for greater community impact during the week? Join us for a look at how to do this in a financially sustainable way. [...]
Effective Benchmarking: Thinking Outside The Box
Comparing key data points against known metrics is a tried-and-true method for assessing financial health for any organization. In this webinar, we will discuss how to answer key financial health questions in [...]
Designing an Effective Chart of Accounts for Churches
There are four basic principles of effective chart of accounts design and they are most prominently applied to reporting elements like travel, supplies, and meals. You can redesign your general ledger accounts to create [...]
Assessing Church Financial Health Made Easy
Assessing Church Financial Health Made Easy—Even if you are not financially inclined So … you’re an XP (or equivalent) and you’re in charge of (among other things) the financial health and operations [...]
5 Building Blocks of Church Financial Integrity
Michael Martin and Fletch examine a vital topic of how to ensure your church has financial integrity. When you have a problem in this area, your donors get nervous and may stop [...]
Seven Common Mistakes Churches Make When Performing a Ratio Analysis
Church board members are eager to fulfill their fiduciary responsibility and watch over the long-term economic health of the church. However, most are not used to reading nonprofit financial statements. This can make it [...]
Supreme Court Decision Continues for Nonprofits That Sell Items
As we originally reported in our June 21, 2018 Special Alert℠, the U.S. Supreme Court recently ruled in South Dakota v. Wayfair, Inc., et al., that states can, in some circumstances, require a seller [...]
Benevolence: The Right Help Given the Right Way
Churches are in the charity business. They are commanded by God to help the poor, the sick and the wounded. But the church also must abide by tax rules designed to prevent abuse. This [...]
New Book Helps Nonprofit Boards Improve and Streamline Financial Oversight
Mike Batts is one of our workshop leaders at the XP-Seminar. He is a noted leader in the nonprofit and church financial arena and author of five books. Mike has just released his latest book [...]
Internal Controls Infographic
What are internal controls? How do you begin to implement ICs? Kirk Morgan created this infographic using his class notes from two of XPastor’s Online Courses--Operations 103 (Finances, Part 1) & Operations 104 (Finances, [...]
The Wall Street MBA
When I picked The Wall Street MBA by Reuben Advani from the bibliography of the XP Online Course on Finance, I wondered what the connection to church ministry would be. It turns out that the [...]
Seven Financial Stewardship Principles for Churches
A common, biblically-based theme in the church world is that parishioners should be good stewards of the money God has entrusted to them. Especially emphasized is the principle of Christians paying tithes and giving generously. However, stewardship [...]
Funding the Vision: The Role of Clarity in Financial Reporting
When it comes to funding your ministry and reporting on the finances of your church, few questions matter more. Making clarity your passion as you communicate your church’s finances equips the people of your church [...]
Employee Accountable Expense Reimbursement Policy
XPastor tries to help churches by providing some of the essentials for running a church---items like job descriptions, employment applications, review forms and opportunity profiles. Below is the Employee Accountable Expense Reimbursement Policy and [...]
Cash Receipts and Disbursements Policy
XPastor tries to help churches by providing some of the essentials for running a church---items like job descriptions, employment applications, review forms and policies. Below is a Cash Receipts and Disbursements Policy of Westwards [...]
Finance Committee Policy
XPastor tries to help churches by providing some of the essentials for running a church—items like job descriptions, employment applications, review forms and policies. Below is the Finance Committee Policy from Northwest Bible Church [...]