Developing a Successful Management Plan

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  Develop a budget: Create a detailed budget aligned with the church's mission and goals, outlining income, expenses, and savings goals.

• Track income and expenses: Meticulously record all financial activities, including donations, grants, and expenses, for transparency and accountability.

• Use Fund Accounting: Separate revenue and expenses into different funds to track how

  donations are received and used.

• Build an emergency fund: Aim for a reserve fund covering 3-6 months of operating expenses to handle unforeseen events.

• Establish internal controls: Implement policies and procedures to protect church assets, prevent fraud, and ensure accurate financial reporting.

• Seek professional help when needed: Consider outsourcing accounting tasks or consulting with a financial advisor specializing in church finances.