Subscribe label

Subscribe to the blog by selecting the level desired:

Follow by email

To receive email notices of posts give your email address here:

Scroller

Please share your comments. Let's get some conversations going.

Be sure to subscribe – either as an RSS feed or by the above email subscription

Share posts with others that might benefit from the post

Check the “Labels” list down the right hand side of this page that give general topics that have been commented on

Friday, January 25, 2013

Credit cards

Have a church credit card specifically for youth ministry or at least the educational ministry. 
  • Using a personal credit card means that people will see your personal expenses as well as the church's. 
  • Have the church's accounting system set the credit card up as a credit card account (sometimes simply called an asset account).  There is a mechanism for handling credit cards in most accounting packages.  This allows expenses and payments to be asynchronous and you don't get hit with finance charges because someone didn't get a voucher in on time. These accounts reconcile just like a checking account.
  • The credit card statement is a clear record of expenses, and easily posted to the correct line items.

No comments:

Post a Comment