Church Budgeting and Finances

A chart of accounts is a list of all the accounts that a church has in the accounting software—both the external accounts (bank accounts, investment accounts, loans) as well as internal accounts (office expense, missions giving income). All the major financial reports...

Recently, an administrator at a nonprofit pleaded guilty to embezzling over $250,000 from the organization by making unauthorized purchases and payments for her personal use. One of the ways that she was able to steal this much money was by diverting donations made...