Bookkeeping

CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path. Owner’s Equity: The Residual

It segregates funds by their intended use allowing the church to demonstrate high levels of compliance and financial accountability. Accrual accounting provides more insight into budgeting and financial planning, but it is more complex to manage. However, it is recommended

Without it, your church could end up like this church in Texas that lost $450,000 in embezzled funds! Record donations as soon as possible, preferably the same day your church receives them. It won’t do any good to wait weeks