Church Balance Sheet (Part 2)

Previously we discussed what assets should be included in the “Fixed Asset” section of the balance sheet. Properly recording the assets results in a stronger balance sheet and also moves the assets out of the expense section of the Statements of Activities. A properly prepared balance sheet will also include all

Church Balance Sheet

When we are engaged to work with a church, it is often to help prepare the financials to present to a bank for a loan request. One area that usually needs attention is the fixed asset section. While the guidelines could fill a book, let’s review in summary what is