Price, access and refunds

$499, paid once, for 365 days of online access starting the day you enroll. Access ends after 365 days. There is no automatic renewal or recurring charge; to continue, you can buy a new enrollment. You can request a full refund within 14 days of purchase; see our Refund Policy. Several lessons are free to preview before you buy. Charges appear on your card statement as UMBRELLA TRAINING.

Curriculum

11 Chapters · 67 Lessons

    1. Important Course Notices Free preview
    2. Church Financial Management Made Clear — Discover What You’ll Learn Free preview
    3. Lesson 1.1: Welcome to Church Financial Management Free preview
    4. (Included in full purchase)

      Lesson 1.2: Following the Church Money Trail

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      Lesson 1.3: Who Is Responsible for What?

    6. Lesson 1.4: Trust Is Important—Controls Are Still Necessary Free preview
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      Module 1 Quiz

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      Lesson 2.1: What Accounting Is Really Doing

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      Lesson 2.2: The Five Financial Building Blocks

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      Lesson 2.3: What Happens When a Transaction Is Recorded?

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      Lesson 2.4: Building a Useful Church Chart of Accounts

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      Lesson 2.5: Cash Basis, Accrual Basis, and What Your Reports Are Telling You

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      Module 2 Quiz

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      Lesson 3.1: The Different Ways Money Comes In

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      Lesson 3.2: Sunday Offerings: From Collection to Count

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      Lesson 3.3: From Count Sheet to Deposit

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      Lesson 3.4: Online Giving

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      Lesson 3.5: Contribution Records and Statements

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      Lesson 3.6: Noncash, Quid Pro Quo, and Unusual Gifts

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      Module 3 Quiz

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      Lesson 4.1: Not Every Dollar Is Available to Spend

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      Lesson 4.2: Donor Intent

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      Lesson 4.3: Donor Restrictions vs. Church Designations

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      Lesson 4.4: Tracking Special Funds

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      Module 4 Quiz

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      Lesson 5.1: The Church Spending Cycle

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      Lesson 5.2: Bills, Vendors, and Accounts Payable

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      Lesson 5.3: Reimbursements and Accountable Plans

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      Lesson 5.4: Church Credit and Debit Cards

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      Lesson 5.5: Purchases, Advances, Petty Cash, and Other Problem Areas

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      Module 5 Quiz

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      Lesson 6.1: How Payroll Works

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      Lesson 6.2: Employee or Independent Contractor?

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      Lesson 6.3: Why Minister Payroll Is Different

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      Lesson 6.4: Understanding the Minister’s Housing Allowance

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      Lesson 6.5: Compensation, Reimbursements, Benefits, and Allowances

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      Module 6 Quiz

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      Lesson 7.1: The Four Jobs You Should Think About Separating

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      Lesson 7.2: Segregation of Duties When You Have Very Few People

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      Lesson 7.3: Controls for Money Coming In

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      Lesson 7.4: Controls for Money Going Out

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      Lesson 7.5: Fraud, Errors, and Financial Red Flags

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      Module 7 Quiz

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      Lesson 8.1: Why the Bank Balance and the Books Are Different

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      Lesson 8.2: How to Perform a Bank Reconciliation

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      Lesson 8.3: Finding and Fixing Errors

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      Lesson 8.4: The Monthly Close

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      Module 8 Quiz

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      Lesson 9.1: The Financial Reports Leadership Actually Needs

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      Lesson 9.2: Understanding the Statement of Financial Position

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      Lesson 9.3: Understanding Income and Expense Reports

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      Lesson 9.4: Budget vs. Actual: What Variances Are Telling You

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      Lesson 9.5: Presenting Financial Information to Church Leadership

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      Module 9 Quiz

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      Lesson 10.1: What a Church Budget Is Supposed to Do

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      Lesson 10.2: Building a Practical Annual Budget

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      Lesson 10.3: Budget Monitoring Throughout the Year

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      Lesson 10.4: Cash Flow: Why a Balanced Budget Can Still Leave You Short of Cash

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      Lesson 10.5: Reserves and Preparing for the Unexpected

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      Module 10 Quiz

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      Lesson 11.1: Closing the Financial Year

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      Lesson 11.2: Year-End Contribution Statements

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      Lesson 11.3: Financial Records and Document Retention

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      Lesson 11.4: Preparing for a Financial Review or Audit

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      Lesson 11.5: Building and Maintaining Church Financial Policies

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      Lesson 11.6: Knowing When to Call a Professional

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      Module 11 Quiz

Important information

This course is educational. It is not legal, tax, accounting, payroll or investment advice. Grace Community Church is a fictional teaching example. Umbrella Training Academy is not affiliated with or endorsed by the IRS, any denomination or any certifying body. See our Legal Notices and Terms of Use.