|
As The Church Attorney®, denominations and churches select my proprietary Legal Audit System to position themselves to operate in integrity, avoid IRS audits, and position themselves for growth. Every church leader should take advantage of my free Church Law podcast and subscribe to my free newsletter.
Hello Reader , You don't need a lengthy meeting to begin a useful financial checkup. Set aside ten minutes and ask: 1. Who can approve purchases and payments? 2. Who independently reviews statements and reconciliations? 3. Are reimbursement and expense rules written down? 4. Do leaders receive clear, regular financial reports? 5. Is there a process for reporting concerns without retaliation? If you discover a gap, write it down, assign an owner, and set a date to revisit it.Policies are most...
Hello Reader , Here's a quick weekend challenge for your church's leadership team. Before the year ends, review three safeguards: 1. APPROVALS: Who authorizes spending, and are the limits clear? 2. OVERSIGHT: Does someone independent review account activity? 3. RECORDS: Can your church locate the documentation behind important financial decisions? You don't need to overhaul everything at once. Start by identifying one process that could be clearer. A helpful question for your next board...
Hello Reader , Churches are called to steward resources faithfully. That responsibility includes having practical systems that protect the congregation, its leaders, and the ministry. As you prepare for year-end, consider these questions: • Can the same person initiate, approve, and reconcile a transaction? • Who reviews bank statements and financial reports? • Are spending and reimbursement approvals documented? • Does the board receive timely, understandable financial information? • What...