EPISODE · Jul 26, 2022 · 34 MIN
Episode 2 - Fund Accounting
from The ChurchBiz Podcast · host ChurchBiz
Join us as the owners of ChurchBiz, Chris Mallonee and Kevin Aderholt, share about fund accounting and some helpful tips. 2:45 What is fund accounting? Definitions / Framework What is a fund? 4:50 Financial statements for a church Differences between church financials and business financials 9:18 Restricted and unrestricted funds Church governance and authority to allocate funds Differences between legal restrictions and church-imposed restrictions on funds 18:00 Why do some churches track multiple funds and others don't? Impacted by church governance model 22:57 ChurchBiz recommendations for fund accounting How our church manages governance and fund accounting Bi-laws should be in line with the vision of the church
What this episode covers
Join us as the owners of ChurchBiz, Chris Mallonee and Kevin Aderholt, share about fund accounting and some helpful tips. 2:45 What is fund accounting? Definitions / Framework What is a fund? 4:50 Financial statements for a church Differences between church financials and business financials 9:18 Restricted and unrestricted funds Church governance and authority to allocate funds Differences between legal restrictions and church-imposed restrictions on funds 18:00 Why do some churches track multiple funds and others don't? Impacted by church governance model 22:57 ChurchBiz recommendations for fund accounting How our church manages governance and fund accounting Bi-laws should be in line with the vision of the church
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Episode 2 - Fund Accounting
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