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FAQ

Statement of Activity for a Church or Nonprofit


The statement of activity, also known as the statement of revenue and expenses, reflects a church’s or nonprofits support and revenue, expenses, and changes in net assets (fund balances) for a certain period of time such as month, quarter, or year.

It shows the church’s or nonprofit’s source of income and how they used their resources. The form of the statement will depend on the type and size of an organization and the accounting method used. However, the statement must show the changes in restricted, temporary restricted, permanently restricted and total net assets.

When preparing a statement of activity using the pure fund accounting method, you will show each of your funds individually in columns.

When preparing this statement using the Statement of Financial Accounting Standards (SFAS) Numbers 116 and 117, you will use the restricted, unrestricted, and permanently restricted headings in your columns.

Both methods are correct.

See explanations and examples of church financial statements and a sample of a chart of accounts in the Basic Church Accounting ebook. Also, learn how to properly record some common church financial transactions in a double entry bookkeeping system.

Return to Understanding Financial Statements from Statement of Activity



 

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Would Highly Recommend. Took the mystery out of Church Accounting for me ...more...

Excellent Book! I highly recommend these books. They are a necessity, WRITTEN IN PLAIN ENGLISH!
Errol James

Real Eye Opener. Not knowing a thing about church finances, this was a real eye opener and a great way to get us started ...more...

Very Helpful and Detailed I would recommend these books to everyone, I am from Canada and would also recommend it to all of the Canadian people involved in the Finance part of the church. Very helpful and detailed. A must get!! ...more...

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