FINANCE Archives - Page 40 of 59 - Church Executive


Payroll: Do you have your ducks in a row?

One definition of “dread” is managing payroll without qualified staff. For those churches with limited resources, ministerial staffing positions must be filled first. A common sentiment among pastoral leadership regarding payroll is, How hard can it be?

Well, it is hard. And, some mistakes could lead to serious consequences.

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Making mobile giving work for multi-site churches

Multi-site churches face unique challenges — and require unique giving solutions. Case in point: Momentum Christian Church, a nine-year-old church plant with locations in McDonough and Stockridge, GA. “Our two campuses are about 10 miles apart, but in some ways they’re worlds apart,” says Executive Pastor David Powers.

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How to increase staff participation in your retirement plan

A new employee has fulfilled their probationary period and is now eligible to receive the full benefits offered by your organization. Yet, many eligible employees choose not to contribute to their retirement — even if it means leaving matching employer contributions on the table.

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Purchasing solutions for faith-based organizations: 101

Signing on with a procurement services company is an act of stewardship which can save your ministry money on the high-quality products you need.

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3 key essentials to better stewardship

As your church settles down from Christmas celebrations, things are no doubt getting into full swing for the person managing all your church’s accounting. If that person is you, you likely still have several time-sensitive tasks on your horizon that need to get finished by January 31. Putting a good system in place can help keep you on track — and that’s what we’ve outlined for you below.

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Mission Accomplished: Lance Taylor — grace under pressure

At Long Hollow Baptist Church in Hendersonville, TN, hope is not a strategy. Rather, when disaster strikes — as it has, twice — the church has been able to sustain its rapid growth and expansion with preparation and perseverance.

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Construction financing, revisited

A true ministry banker understands that business administrators at religious institutions might only undertake a major commercial construction project once or twice in their careers.

A lender with specialized expertise in financing religious institutions will not expect you to intimately understand or fully anticipate the commercial construction and related borrowing processes. Rather, a lender with a depth of experience banking this segment can provide consultation and guide you through the process.

Nevertheless, the ministry will be best served when adequately prepared about what to expect.

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How two churches use data & technology to reach more — & raise more

Funding ministry is likely the most complex part of your role as a church leader. Changing attitudes around giving and involvement don’t help; tithing and weekly attendance is no longer considered normal. These shifts are making it harder and harder for you to fully fund your vision.

It can seem impossible.

Yet, many church leaders are beginning to learn that working smarter, not harder, is the way to discover your path to developing a culture of stewardship in your church.

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7 best practices for reaching your church’s budget goals

church giving generosity

As I read the Puget Sound Business Journal a few months ago — in print, I might add — I stumbled across an article titled, “7 ways to make a real connection and realize a real return on that sponsorship.” The author, Adam Worchester, made seven points about how corporate non-profit sponsors can motivate their employees to form a deeper bond with the cause they’re supporting.

I found the advice to be spot-on, so I decided to “steal” Worchester’s seven points and rewrite them specifically for churches. What follows are the seven best practices for reaching your church’s budget goals.

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Church accounting basics: transparency & accountability

How to lay the foundation for true church CHURCH ACCTNGaccounting stewardship

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