1. FINANCIAL MANAGEMENT

3. WHAT IS FINANCIAL MANAGEMENT
Financial Management is the efficient and effective management of money (Funds) in such a manner as to accomplish the goals of the organization

4. The Major Attribute of a Financial Manager

6. WHAT DO WE NEED. 1. CAC DOCUMENTS 2. UTILITY BILL 3
WHAT DO WE NEED? 1. CAC DOCUMENTS 2. UTILITY BILL 3. PASSPORT PHOTOGRAPH 4. VALID IDENTIFICATION

7. Opening Sub accounts for different purposes Eg Tithes, Projects, Seeds, Children’s church etc. It helps simplify the whole accounting process.

8. 1. General entry Journal 2. Deposit booklet 3. Requisition book
DIFFERENT ACCOUNTING BOOKS
1. General entry Journal
2. Deposit booklet
3. Requisition book
4. Miscellaneous book

11. DIFFEREN T WAYS WE GIVE

12. To manage funds, we have to PRIORITIZE
Do we need this for service to run?
Can we pay in installments?
Can it wait? And for long?

13. General Rules
Every income must enter the account first before spending.
Never put church money in personal accounts.
Never spend everything… Matt 13:12
There must be savings
Ask more than one vendor before disbursing
Waste is a big No No.