Statement of Financial Position

A statement of financial position shows assets, liabilities, and net assets as of the end of a period such as a month, quarter, or year.

Because it shows how the two sides of the accounting equation (Assets –Liabilities = Net Assets) balance in your organization, it is often referred to as a balance sheet.

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.

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