The Importance of Understanding Your Financial Reports

Written by Johnny Johnson on Apr 14, 2022 in Finance Management

Financial reports can be intimidating for nonprofits. Many pastors and ministry leaders either don't understand the information they are given or end up not tracking their ministry's finances at all. Overwhelmed and stretched for time, these leaders spend more time with numbers instead of being around people they are called to minister to. What can an accurate financial report do for your ministry? This video will explain the importance of financial reports for your ministry.

Below are a few things we will go over:

  • Why understanding your church or ministry's financial reports is essential

  • Breaking down what is included in a Statement of Financial Position

  • What a Statement of Activity means for your ministry

Serving church and ministry leaders continues to be our foundation, and we are ready to help protect and grow what God has called you to lead. If you want to learn more about our products or services, call us at (855) 337-4964 or schedule a call below.

%schedule-a-call-cta%

Please feel free to comment. We always appreciate good dialogue. However, we do moderate each comment to ensure that it is on topic and not derogatory to other participants. We ask that you keep your comments brief and pertinent to the topic so that others may benefit.

Blessings,
Raul Rivera


And receive Book 1 of our Grow Trilogy FREE today! This series gives you the strategies you need to get started growing your church plant today!