With corruption cases becoming common nowadays, people get the impression that even some of the most trusted and respected institutions are corrupt. As such, the Church is not lost when it comes to accountability. In today’s changing society, the church cannot sit back and remain reactive, but must become proactive when managing its finances. Here are some of the rules of church financial management.

The first major step involves respecting the fact that church financial managers are spiritual leaders. In most cases, the church asks individuals to act in these trusted roles simply because of their leadership roles in the society. However, this shouldn’t be the case. The church’s spiritual leaders should be given the role of managing the church’s finances.

Besides that, it is also the responsibility of church financial managers to maintain the highest levels of integrity in their operations. There shouldn’t be a single hint that the church’s funds are not properly managed. The church should adopt a policy that any purchase above a certain amount is placed up for a competitive bidding process. 

Another way of properly managing church finances involves providing detailed and updated financial reports to all church members. While certain aspects should be kept secret for a number of reasons, there are certain aspects that should be made available to all church members upon request. This is where church accounting comes into play.

Most importantly, checks and balances should be enforced at all the important levels. The treasure should be involved when receiving or depositing church funds. On the same breath, different individuals should audit such transactions from time to time to ensure there is no foul play. 

In addition to the aforementioned, church members should also have the final say on all the financial matters. While the daily financial management may be delegated to different committees or staff members, these people should remain accountable to church members at large and at all times. The church should not delegate total responsibility on matters touching on finances just to a select few.