Church Financial Statements

We understand that most churches do not have accountant prepared financial statements and in most cases we are able to work with a church that has internally prepared financial statements. There are cases where a church will need have their financial statements prepared by an accountant in conjunction with closing the church loan. This situation can arise when the church loan is very large or we do not understand the internally prepared statements.

If the church needs to have financial statements prepared by an accountant we can provide referrals to a number of accountants we have worked with in the past. We can not guarantee the work of third parties, and it is the responsibility of the church to negotiate a fair price although we can give some guidance. We do not receive any compensation from accountants that you choose to work with. You are welcome to use an accountant that you are familiar with.

When selecting an accountant we recommend that you ask them the following questions:

1. How many churches have they worked with in the past?
2. Are they familiar with accounting practices for non profit organizations?