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September 14, 2020

Finance and Accounting Week

Category: Administration, Miller Moments

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This year we are celebrating Finance and Accounting Appreciation Week on September 14th – 18th, 2020. It felt as though this year needed a little more celebration time packed into all the chaos.

We also celebrated our Payroll and Client Services teams.

Accountants on our sports team dress up day earlier this year

Our Accounting Team

Our staff of Accountants are truly a blessing to our team. They are an integral part of helping our clients maintain healthy finances and provide accountability in anti-fraud measures. We appreciate all they bring to the table for our clients.

Video chatting and practicing safe precautions during a 2020 team meeting

Check back here during the week for more updates. 🙂

From the Accountants desk…

  • Ask questions! Whether that is in regards to your financial statements or in the details of a transaction. Our team is here is provide guidance and clarity to help you succeed.
  • The Statement of Activities records only the activities for the current year. The balance sheet and Statement of Restricted/Designated Net Assets should be read along with the Statement of Activities to get the complete picture – loans, cash available, restricted funds, prior years’ incomes and losses available.
  • Budgets are simply guidelines to accomplish the church’s goals for the year, not requirements to be met. If goals change, an organization should expect variances from the budget.
New Post: Five Barriers to Overcome for Financial Accountability
  • Details matter! When detailed questions are asked before taking action, your Accountant can better help guide you to the best solution. Or can help determine which details are most important.
  • Loans are not income. When you secure a loan, for purchase or repair, the expense will still reduce your bottom line.
  • Any money, gift cards, benevolence, or payments on behalf of staff should be recorded as income on the employee’s W-2; per IRS guidelines. Churches and ministries are not exempt from this law.
  • Do the necessary work to understand your financial statements, processes, and general financial position. This helps both as fraud-prevention and as general decision making for your organization.
Financials are overlooked or disregarded often because they seem intimidating.
Miller Management can help bring clarity and understanding with our expert staff.

Popular Articles in Finance

Over the last two years, here are our most popular articles pertaining to Accounting topics:

To see all of our articles related to Accounting and Finance, visit:

More Helpful Accounting Articles

To find more whitepapers on our site, visit our Resources page and turn on the “Guidelines/General Info” filter. There you will find helpful information including:

  • Anti-Fraud Policy
  • Credit Card Policies and Agreements
  • Ministry Descriptions for various jobs
  • Records Retention Guidelines
  • Whistle-Blower Policy

The articles below are from other trusted sources. We’ve linked a few articles you may find helpful, but there are a plethora of other helpful information on these sites as well.