Summary Report

April 4, 2018

This financial news is brought to you via the Alfred Johnson blog. We hope you find it useful. OVERVIEW:  Financials’ View Posted Journals provides two different ways to view results. With the Summary field not checked the program shows all detail based on selections made in one or more of the 10 provided filters.  Placing a…

Stewardship

March 21, 2018

To ensure excellent stewardship of church finances, you need strong internal controls and qualified staff to handle the accounting. If you’re not familiar with the term “internal controls,” don’t worry. This simply refers to processes designed to protect against potential fraud, theft and misuse of funds. These practices not only protect against illegal or unethical…

Review

March 7, 2018

The purpose of an audit is to determine if the organization is in compliance with generally accepted accounting principles (GAAP) and whether the financial statements are comparable to previous year’s financial statements. If your church does not have the budget for a full-fledged audit, there are still some things you can do. The following is…

password security

February 21, 2018

This financial news is brought to you via the Alfred Johnson blog. We hope you find it useful. NOTE: The new features listed below will be available on the upcoming Financials Release (8.10).   Overview:  Prior to Release 8.10 Admin users had the ability to choose one of the following password security strength settings: Medium:…

Audit Period

February 14, 2018

This financial news is brought to you via the Alfred Johnson blog. We hope you find it useful.   OVERVIEW:  The audit period should normally be used for the following situations: Entering opening balances when first starting to use the product, unless we convert your existing data into the system. Release from donor restrictions Reclassify a disbursement…