Managing church finances can seem like a herculean task. More than managing it, it becomes important for small churches to attract as many contributors as possible, without which they might have to close down the church.
Right from collecting the money to transferring it into the right account, making sure that it reaches the right place and also making sure that it is not being wasted can all seem like a daunting task.
However, it is possible to manage church finances effectively through several methods. Some of the virtues of managing it successfully are as follows.
A qualified person must be employed to take care of all the transactions and should be duly paid a fee for his or her services. This will help them put in all the best efforts to make sure that they are doing their bit for the church. If you are not able to find any such people for your organization, then you can look for some at w3businessadvisors.
The church must always have a set budget planned out before undertaking a venture regardless of it being a function or a renovation plan. This will allow the people to understand how much of their money is being used for the purpose and whether it is being used for a genuine purpose.
Since transparency is vital, churches need to tell people how much they collected through the offerings and make sure that they produce proof of it having reached the right place.
If the church is receiving enough donations from influential people then it may not be necessary for it to collect more by passing the basket around for offerings. This will only cause them to earn a bad reputation and people might stop going to church.
The church must always have a separate contingency fund, as there might be several unforeseen events that may occur and if the church is not prepared, then it might translate into a disaster.
Any church that is in trouble must consider asking members to donate before applying for a mortgage or deciding to close the church down.
These are just some of the ways in which the church can help their situation in terms of attracting offerings in order to sustain themselves and also remaining transparent in their transactions.