Bookkeeping 1:1-3

Bookkeeping 1:1

This introduction to bookkeeping for congregations starts from the very beginning, with stories about how these straightforward practices can de-mystify finances and develop transparency. It defines the concept of triple-entry bookkeeping as a tool for managing restricted funds.

Bookkeeping 1:2

The second section expands the concepts of income, expenses, assets, and liabilities, along with cash and accrual accounting. Examples include recording deposits, paying bills, entering payroll, and managing loans.

Bookkeeping 1:3

The final section integrates the above bookkeeping concepts with financial reporting formats that are concise and complete.

Bookkeeping 1:1-3

For those familiar with bookkeeping, this is a one-hour version of the above topics.   It is designed for those who have been trained in classic debits and credits bookkeeping, but may be new to non-profit bookkeeping and to the challenges of managing the many restricted funds that congregations often receive.  It is a prerequisite for the QB for Congregations series, since it incorporates our “triple-entry bookkeeping” concept, which is the basis upon which our bookkeeping and reporting system is based.