Your church balance sheet may not be prepared in a convenient format to give you and your colleagues at the office. It is very difficult to read financial statements for a church that is being operated based on an out-of-date printed Church Balance Sheet Sample. The sample must be transformed into readable words so that your church management team can understand it and make use of it.
The Church Balance Sheet Sample has been prepared by an expert who has achieved national recognition for its reliability and effectiveness. It is ready to use and is visible and easy to understand.
Churches, which are used to operating on a very limited budget, will find this Church Balance Sheet Sample very helpful in preparing their balance sheets. You can download the document from the internet and print it out as many times as you like. If you need help with preparing your church balance sheet, there are plenty of references in the printable version. These examples include the use of the Church Balance Sheet Sample for a list of expenditures, a list of income and expenditure of the church, special projects, reserves, receipts, and expenses, etc.
For instance, for the church balance sheet, you need to put down the amount of money spent on such factors as salaries of the ministers, gifts of sponsors, school fees, human blood plasma, the cost of building the church and the like. Then you have to add all the figures that match exactly the income you have received. The list will also include the total amount of money paid to all the congregation members and officers of the church. There should be a separate column for the use of the person who gives gifts to the church.
The income statement also has to be prepared according to the rules mentioned in the church bylaws. These bylaws specify the type of income that a church member can earn and the denomination. You should make sure that you refer to the church bylaws when you prepare the income statement.
When you are preparing an income statement, do not forget to mention the value of gifts received from your sponsor. This will be the cumulative amount for all the years the church has been operating. Do not forget to include any other gifts, if any, the sponsor may have given you during that period.
All these numbers should be written down. A church balance sheet should be prepared once in three months to give a list of income and expenditure that is comparable for all the years. This is where all these figures, columns and notes are recorded.
Before you prepare your church balance sheet, you should check the accuracy of the church balance sheet sample. A church balance sheet should always reflect the church balance sheet. If it does not reflect the church balance sheet, you should go back to it and check all the details that you have written down in the Church Balance Sheet Sample.