Giving has been down this year for our church and expenses are up, it is looking more and more like we will be over budget at the end of the year.
Since I have been here, we have always come in under budget and we move the excess money or spend the excess money and have a zero balance before closing the books.
What happens when we have a negative balance, do i still just run the year end closing procedures which zeroes out all the accounts?Know the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!