Contents
Introduction
Accounting Reports help your church gain insight into its financial health and gather the data required for specific organizational, legal, or transparency purposes.
The ChMeetings Accounting module lets you generate several types of Financial Statements: The Income Statement, and the Balance Sheet.
You can find these reports by going to Accounting > Reports.
Available Reports
Financial Statements
Financial Statements help you gain insight into the financial health of your church. Utilize these core statements to get a clear picture of how your church is managing its finances.
Income Statement
This report shows the financial performance of your church within a designated period, outlining revenue streams, expenditures, and the resulting net income or loss.
This statement lists the following:
- Income transactions: split by Category and Fund, along with the corresponding amounts.
- Expense transactions: split by Category and Fund, along with the corresponding amounts.
- The Total Income and Total Expenses represent the sum of all Category amounts or Fund Amounts - the totals should be the same no matter whether you calculate based on Categories or Funds.
- The Net Income (or Net Loss, as the case may be) results from the subtraction of Total Expenses from Total Income.
Clicking on a category will open the Detailed Category Transaction report with the respective category selected by default and the dates cleared.
You can filter the report by date range, print it, or export it to an Excel file.
Balance Sheet
The Balance Sheet provides a snapshot of your church's financial standing at a specific moment in time and determines your church's equity by deducting liabilities (what you owe) from assets (what you own).
In the Balance Sheet, you can see the following:
- Your Assets, are split by Account and Fund, along with the corresponding amounts.
- Your Liabilities, split by Account and Fund, along with the corresponding amounts.
- Total Assets and Total Liabilities, resulting from the sum of all Accounts or Funds. No matter whether you sum up the amounts in your Accounts or Funds, the Total Assets should be the same.
- Net Assets (or Net Liabilities, as the case may be), result from subtracting Total Liabilities from Total Assets.
Clicking on an account will open the transactions page corresponding to the respective account
You can filter the Balance Sheet by date and fund, print it, or export it to Excel.
Funds, Category, and Payee Reports
These reports help efficiently manage and analyze your church's finances, track where your funds are allocated, categorize expenses, and monitor payments to individuals or organizations.
Category Overview
This report offers insight into spending patterns and budget distribution by category.
The Category Overview Report splits your Categories into Income and Expense Categories, then lists the balance for each Category under each type.
You can filter the report by date range, print it, or export it to an Excel file.
Detailed Category Transaction
This report provides a detailed breakdown of transactions by category. It lists all transactions under a certain Category and within a specified date range. You can export this report to Excel.
Fund Overview
This report offers a total current balance per fund. You can filter it by date range, print it, or export it to Excel.
Detailed Fund Transaction
This report lists all transactions under a certain Fund and within a specified date range. You can export this report to Excel.
Category Fund Statement
This report lets you select a fund to see the balances of each Category within the selected fund. You can filter it by date range, print it, or export it to Excel.
Payee
This report displays the total income or expense transactions attributed to each payee. You can filter it by date range or export it to Excel.
Detailed Payee Transaction
This report displays a list of all transactions by payee. You can filter the data by payee or by date range.