Accounting has roots in the church! Did you know that one of the most important contributors to modern-day accounting was a Franciscan Friar, Luca Pacioli (1447-1517)?
Pacioli literally wrote the book on the double-entry accounting system and made tremendous contributions to accounting concepts that we use today. Interesting enough, he is also the same guy that taught math to Leonardo Da Vinci.
I think accounting gets a bad rap! I understand the frustration for some people, as I mentioned yesterday, finance is like learning a new language. But, if you make learning accounting an enjoyable experience, quite frankly, I think it can be really fun!
I am not a CPA, so maybe you are like me – I love finance, but I always want to make sure I am using concepts correctly, avoiding mistakes, and having the ability to look up terms and concepts quickly.
In our book, Parish Finance, Dr. Chuck Zech and I dedicated a chapter to accounting, tailored specifically for the church. But, you may be looking for even more than one chapter.
At times, I think accounting is like solving a puzzle by using numbers, formulas, and actions to make the best financial decisions. Over the years, I have found some great resources that break accounting down into component parts and make it accessible.
Below is a sampling of resources that I think you might enjoy:
- NonProfitAccountingBasics.org
- United States Conference of Catholic Bishops Financial Reporting Office – Resources tailored for churches
- Document: Diocesan Fiscal Management Website: Financial Management (Guide to Best Practices) -Great resource written by the United States Conference of Catholic Bishops
- EdX: Free Online Courses – Take free online courses from the best universities and institutions in the world
- Blog Post: Which Church Financial Accounting Do I Choose? – A blog post that I wrote on a great resource for finding church financial accounting software
- TeachMeFinance.com – A simple site, a great resource if you are trying to understand easy-to-follow instructions on concepts like the Time Value of Money
- Book: Nonprofit Financial Planning Made Easy