The biggest mistake Treasurers make in financial reporting

[@rowenasetinta9563]

hi may i ask what the best financial statement to report in a church ..our church is only used cash basis and its a small congregation with small members..thank u

[@JeffPospisil]

That's a good question. What I normally like to report to the church is the total income and expenses for this year versus last year plus the balance of the General Fund and any other funds that are important to the church. Below is an example that hopefully shows up well.
5/31/23 5/31/22
Total Income $38,564 $37,639
Total Expense 40,659 35,860
Net Income -2,095 1,779
General Fund: $19,530
CD's: $75,000
Trustees: $46,087