In this day of well-publicized corporate financial misdealings, the church should be a shining model of integrity and precision in its financial record keeping. The following principles will help you maintain exemplary accounting practices:
1. The accounting process should begin before the first gift is given. A well-detailed plan that follows GAAP (generally accepted accounting principles) is a must.
2. Giving is an important part of the accounting process. Encourage givers to give by means that assist in showing evidence of good financial practices, such as using checks and giving envelopes for contributions.
3. The handling of all finances and transactions should have oversight, and safeguards should be implemented against any possible mishandlings.
4. Transactions with other institutions must have appropriate accounting information and documentation, no exceptions.
5. Give the church a simple financial report that everyone can easily understand. It helps everyone share in the praises and prayer requests.
Director of Operations/Treasurer, Regular Baptist Ministries