Financial Management Consulting
You have some concerns about how things are managed in your ministry. Let’s just talk through it and we will do our best to give you suggestions which can be quickly implemented to address your concerns. We pride ourselves on bringing our many years of financial management and experience in church financial management and ministry leadership to you to solve your basic operational and functional needs.
Pastor Compensation Packages
Are you structuring your Pastor’s Compensation Package to take full advantage of the numerous tax benefits available to pastors? Have you implemented a Medical Reimbursement Policy or Travel Reimbursement Policy for your pastor? Let us help you put your pastor’s package together so that he/she and their spouse is blessed and well cared for by the ministry while staying within the financial guidelines of the ministry.
Audit and Financial Compliance Reviews
Are your current procedures effective? Do you suspect fraudulent activity has occurred in your ministry? Have you made major changes in your financial leadership and need a fresh look at how you should proceed? Allow us to take a close look at what you have been doing and make recommendations for improvements that will ensure proper segregation of duties to avoid fraud and to put proper accountablity measures in place.
Bank Financing Assistance
If you need to acquire bank financing we can help. We can prepare financial statements that are based on generally accepted accounting standards for bank presentation. We can also help with your negotiations to ensure that you receive the best possible deal available. Let us become your CPA representative during your efforts to secure financing and we believe we can provide you with valuable assistance and insight.
Accounting and Membership System Implementation
What system are you using to keep track of your membership? Are you currently providing online giving options to your membership? What financial accounting system are you using? Is it fully integrated with your membership database? Are you maintaining consistent contact with your membership via e-mail, text and social media? There are several very good accounting and membership management systems available to meet the needs of churches of all sizes. Our staff can come onsite and help you decide what package is available to you, do the implementation and put you on the road to seamless financial integration that will save you money and make you more efficient than you imagined possible.
New Church and Ministry Start-up Assistance
Starting a new ministry? We can help with legal formation, preparation of bylaws and policies and procedures as well as help with training leaders and setting up your financial accounting and procedures. Get the right start with the help of WSM and save yourself the worries and uncertainties of starting off on the wrong footing.
Inventory & Valuation Services
Does your church have a inventory listing of all of it assets? Do you know the value of the assets in your church and have you provided that information to your insurance company to ensure that a catastrophic loss would be fully covered? We can conduct a full inventory of each asset in your church, document values and locations and prepare a inventory package for submission to your insurance company and to provide the basis for a balance sheet for the church.
Qualified and committed individuals within your congregation can be difficult to find. Would you like someone to serve as your church or ministry CFO who will compile your monthly financial statements, present your financial condition to leadership & your congregation, help you compile an annual budget? We are available to partner with your ministry to provide the financial support that you need. Fully customizable to fit your specific needs.