Episode 2 - Fund Accounting

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