Part 1: Overview There are several names for this document: Profit and Loss Statement (P&L) Income Statement Statement of Revenue & Expenses Statement of Receipts & Expenses (this is more appropriate terminology for churches … [Continue reading]
Disaster Registry
Posted on April 2, 2013 Written by
A few years ago a massive earthquake devastated Haiti. About 300,000 people died, and a million others were left homeless. Even years later, people are living in tent cities. The poorest country in the western hemisphere was shattered by this event, … [Continue reading]
What Are You Reading?
Posted on March 26, 2013 Written by
Getting your staff to read together is really important. I recommend that all staffs read two or three books together every year. It will help keep everyone on the same page, and they’ll talk about it in the halls and at lunch in addition to the … [Continue reading]
Postage Meters
Posted on March 19, 2013 Written by
There are two primary postage meter companies: Pitney Bowes and Hassler. Both provide excellent products which can help an organization stamp its outgoing mail very efficiently. The United States Postal Service is getting into the business with … [Continue reading]
Total Income or Total Return Investing for Church Endowments
Posted on March 12, 2013 Written by
There are two major philosophies when it comes to how funds should be invested for the long-term benefit of the organizations holding the assets. The Total Return Method Modern portfolio management states that a return of 8% per year is … [Continue reading]
Financial Statements: What Are They Good For?
Posted on March 12, 2013 Written by
There are two essential financial statements: Balance Sheet This shows the current financial status of the organization since its inception. It lists all the bank balances, the designated and restricted funds (a heavily used and very … [Continue reading]
New Income and Revenue for Churches
Posted on March 5, 2013 Written by
A brief audit of a client's receipts over the past year revealed something interesting: 22% of their income came from sources other than the primary source. The organization has diversified their approach to receiving income so that more than one in … [Continue reading]
Church Staffs Just Wanna Have Fun
Posted on February 26, 2013 Written by
One of the many legends about Google as a work environment is the different places they created for their staffs to have fun. It's not just work at work, there is some fun involved, too - by design. The folks at Google (and tons of other companies) … [Continue reading]