by Cecil Benjamin | Mar 3, 2020 | Churches, Financial Management, Systems
There is a change to the award system that may affect your employees, effective March 1st. As you may have seen in the press about this update from the Fair Work Commission. These new rules affect all employees who are paid an annual wage under some awards. This does...
by Jeanette Korporaal | Feb 25, 2020 | Church finance services, Churches, Financial Management, Not For Profit, Save Time, Systems, Xero
It has been a long-time common practice for churches to “set aside” money for future spending. This has been particularly used in the area of property maintenance and improvements. It has commonly been called “sinking funds”. The time to sink this practice has come...
by Jeanette Korporaal | Feb 3, 2020 | Churches, End of Year, Financial Management, Paperless, Systems, Xero
Year end is a busy time for the bookkeepers, accountants and treasurers for churches. There are a lot of reports and a lot of detailed accounting work that must be completed. Amongst all the reconciliations of assets and liabilities is the reconciliation of the GST....
by Jeanette Korporaal | Jan 29, 2020 | Churches, Financial Management, Paperless, Systems, Xero
Payments Transactions Report from Xero, this has been one of the commonly requested report forms requested by our clients. Many people have been using spreadsheets for the church bookkeeping and accounting which means there are can be doubts about the accuracy or...
by Jeanette Korporaal | Dec 10, 2019 | Churches, Financial Management, Risk, Save Time, Systems
Our experience in working with hundreds of churches is that many churches often do not classify and process all payments to people legally. They pay cash* to people and expect that it does not need to conform with proper process or documentation. When we ask people...
by Jeanette Korporaal | Nov 26, 2019 | Churches, Financial Management, Risk, Save Time, Systems
This article is another in our series about “5 Principles to Raise the Financial Management of your church for God’s Glory”. This time we focus on Principle 1 – We are called to be above reproach What does it mean to be above reproach? The Bible speaks of being...