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Church Cashbook

Church Cashbook. Receipts | Payments Balancing or Reconciliations | Reports. Why must we record the Cashbook?. Sound financial management For reporting purposes (Quarterly reports & Annual Financial Statements) For budgeting Transparency As Required by the NPO registrar . Terminology .

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Church Cashbook

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  1. Church Cashbook Receipts | Payments Balancing or Reconciliations | Reports

  2. Why must we record the Cashbook? • Sound financial management • For reporting purposes (Quarterly reports & Annual Financial Statements) • For budgeting • Transparency • As Required by the NPO registrar

  3. Terminology • Receipts Journal: Its is a spreadsheet that is used to record all the incoming funds from the Offering basket, Tithes, Pledges, Donations, Sponsorships, Grants etc. • Payments Journal: It’s a spreadsheet that is used to record all the expenses from the bank account either by means of transfers, petty cash, cheque, EFT etc. • Deposit(s): It is the money that has been deposited into your Church Bank Account. • Sundries Account: This is a column where “All other” receipts or Payments are recorded. A sundry is an miscellaneous income or expense column.

  4. Representation of receiving Income • RECEIPTING: • Issue receipts to acknowledge receipt of money. • For offering basket (envelopes are a proof of income received) • EFT will be recorded on statements, • Name of the church must reflect on all receipts. i.e. for camps etc RECORDING INCOME - All income received must be recorded in Receipts Journal (Cashbook) BANK DEPOSIT: - Prepare all income receipted for Banking.

  5. Visits churches, do “audits”, identify shortcomings and risks. • Institute corrective actions-support, training, reporting • Evaluate Financial Processes • Monitor Financial Process and risks Financial Management at churches Risk Management at Churches • Support • Recommendations of AA. • Support corrective actions- support, training to Finance secretaries. • Implement actions from Forensic Audits reports • Monitor financial processes and risks • Evaluate Financial reports (Budgets, AAFS. CASHBOOK • Identify shortcomings/risk • Inform Church board to provide support/training to church Finance Comm. • Monitor Financial reports and risks • Keeps all Financial Records Accurate • Ensure appropriate reporting on all financial transactions. • Evaluate and monitor books. • Keep track of all finances.

  6. Let’s go to the CASHBOOK!!! To order a copy of this Cashbook at R180.00 please contact us at 074 350 8735 or email info@churchadmin.co.za cashbook

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