I would like to remind church treasurers, pastors, and board members about a very helpful resource available to assist churches with financial management and stewardship. The Finance Manual for Church Treasurers and Pastors is a comprehensive guide written for an audience without formal accounting training. It is intended to be a how-to manual providing basics for preparing budgets and…
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A scam is a scheme that tricks people into giving away money or personal information. Scammers often use deception and fear to manipulate people into acting against their own best interests. Scammers may contact potential victims by phone, text, email, social media, or through e-commerce. They may offer an attractive deal or false information while pretending to be…
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During January, I received several questions related to church giving. Even though most churches have most likely signed, sealed, and delivered 2024 giving statements I thought it might still be helpful to publish some of these questions while they are fresh on the mind, and since many of these issues will surface throughout the year…
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As we head into 2025 and a new financial year for the church, I thought it might be useful to provide a brief overview of the two main financial statements used for reporting by most churches. I know this information may come as a review for many, but the explanations below might be helpful for new…
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It’s that time again. Time for year-end processing. Below are some reminders. Designate housing allowance. Housing allowance should be set at a board meeting before January 1. Housing allowance can only be declared prospectively (that is, after board approval). Review W-4 forms. All employees should review their W-4 form and submit a new form if their financial status…
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We have made a few changes to our website, rmdma.com, and I would like to tell you about them. More Information is Available on Our Public Website We are going to publish more information on our public website which means you will not need to log in to see this information. This change will allow more…
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I’ve been in my role at RMD for over two and a half years now. I really enjoy the job and am blessed to be part of a great team of people working to serve the Lord. I see the fruits of the Spirit lived out daily, which was not always a common occurrence in my previous…
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Thank you for your faithful giving (10% of General Fund receipts) to the District Advance Fund (DAF). Your contributions assist in the development and support of the 57 churches in our District, as well as supporting missions engagement, church planting, and many other ministry endeavors. This month I would like to share a few comments…
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I know several churches have been affected by the discontinuation of Quickbooks version 2021 and were forced to renew at a high cost or find an alternative accounting solution. Payroll service was also discontinued and Quickbooks also charges an additional fee for a newer version of payroll. In my article this month, I would like to…
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The U.S. Department of Labor recently announced new minimum salary levels for exempt employees that could make some ministry workers eligible for overtime. An exempt employee is not subject to the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements. Exempt employees are usually paid a salary or fee; their salary is predetermined and…
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