TO: All Interested Onliners FROM: Jim Bramer. Retired Auditor-CPA
FILE: 0930-03 (05) /fwi
RE: Proposed Online eExchequer Services Originated in November 2005
Today's "FOR WHAT IT IS WORTH" editorial
Again, I have a "Bee in my vocational Bonnet" as I share about my vocational passion re helping applicable smaller Christ Centered Ministries (SmallMins are defined as handling less that $500,000 a year --- especially Mom-Pop Ministries who handle $100,000 or less per annum) and Christian Believers (BLVRs). My prayer is that I can convince you that a "eExchequer Services and/or an Online Accounting Ministry" like discussed within this writing would be extremely helpful to them. Please Click Here for more info about the term "Exchequer."
O K ----let me set the stage ---
When you read my Bio you can better understand my desire for these entities to be the very best stewards of their financial resources. This especially includes Ministry Finance Internet Friendly matters as we effectively use Computers and the Internet for applicable enablement resources/tools. Please note that a portion of our purpose for www.bcidot.org as Ministry Finance Helpers includes the following:
To help with the appropriate use of Computer systems by Christian Ministries as they do Ministry Fund Accounting. We have closely followed Intuit's QuickBooks (QB) software product since its beginning and believe it is a tremendous tool in this effort. Plus we want to contribute to individual Christians and their families using the Computer/Internet in order to do meaningful personal financial record keeping, etc.
So within this context, what is this proposed "eExchequer Services" endeavor ?
This involves the use of "Web Based or Online Apps" resources/tools to do accounting and financial reporting via what I share via this Ministry Finance Internet Friendly WebBOOK. This thrust centers around what I discuss Here in one of my editorials where we then used the term "Application Service Providers - ASP." I trust what I share Here is also of interest to you.
Since the year 2000 such "Online Apps" systems have greatly matured and become more and more acceptable as they provide meaningful and secure software applications for use over the Internet for very reasonable monthly fees. Or as you use today's fast Internet connections, there is no need for you to purchase software and place it on your hard drive for use on your desktop. You simply log on to the provider's secure web site and your Internet browser allows you to use the software virtually as if you were doing this via any Desktop software. And even more importantly, the user does not have to be concerned about such things as:
A> Secure data storage of your data content or system - no backups,
B> Hardware compatibility,
C> Upgrades, updates, or viruses.
D> Secure data is available 24/7 and is accessible from different locations by any number of authorized persons
via such resources as laptops and fast connections.
E> Such a remote relationship can take the hassle out of owning/using fund accounting software.
F> Part of the monthly 'package' is that users are trained by computer experts
Please get further current "Web Based or Online Apps" perspective by digesting the contents found below when you Click Here.
Why would "eExchequer Services" be particularly helpful to Smaller Ministries ?
These "eExchequer Services" would serve smaller Christian not-for-profit entities such as Churches, Mission Organizations, Private Schools and Camps/Conference or any such endeavor. Please go to Brads Nest of Bees for access to a website that speaks to some of these matters. I am convinced that "eExchequer Services" could be extremely helpful to such SmallMins for at least the following reasons.
01> Assist in timely providing relevant/essential financial facts to Small Ministry decision makers.
I trust the content when you Click Here is helpful.
02> Provide help in the leverage and use of available internet/computers Tools for such purposes.
03> Could Improve structure and management of designated and/or Special Purpose Funds etc
04> Provide training (preferable remotely online) so such Ministries can be effective fiscal stewards
05> Provide help to insure compliance with the requirements of various government entities
06> Provide help compliance with various "according to hoyle" Ministry accounting matters;
even beyond the needed GAAP (Generally Accepted Accounting Principles) issues;
examples include establishing and management of finance Policies and Financial Internal Controls
07> Assist such Ministries to be more auditable, maybe even provide remote "Assurors" who can
function like Internal Auditors
08> Be a source of providing assistance as they learn to focus on MIFI (Most Important Financial Items) matters
09> Be a source for Ministry Staffers to get answers to unusual fiscal situations that come their way, etc.
Much of this could be done via a meaningful "Online Forum" that could also provide a means of
fellowship and inter-personal communications. Please Click Here for access to an example.
Other issues that this "eExchequer Services" would address include the following:
A> Board members of smaller Christian Ministries often are not as business/fiscal savvy as some and often
the Ministry has a "Mom and Pop" demeanor.
B> The Ministry's Chief Executive (often the "Mover/Shaker.", or even the founder of the Ministry) usually
does not have a business-man's experiences or perspective.
C> The finance transaction processor (often a volunteer Bookkeeper or Treasurer) might not be that
experienced with Ministry Finances in general, but especially the nuances of handling the
Ministry's designated monies. Please Go Here for details about such matters.
D> Often none of the Ministry leadership has computer expertise and therefore do not use such
worthwhile and valuable tools to their full capacity, etc.
Why would "eExchequer Services" also be helpful to Christian Believers (BLVRs) or families ?
Some of these Christian Believers and families do NOT do well knowing if they have money to spend following their advance planning (Budget) as they pursue "Righteous Personal Finance". These proposed "eExchequer Services" could be a real blessing in providing available internet/computer assistance along these lines.
Who would be responsible for such "eExchequer Services" ?
My prayer is that an existing reputable organization would catch this vision and be responsible for this endeavor. An often viable option is for the Ministry's Accounting firm to provide such remote services described here. I have some ideas about who might provide such "eExchequer Services"; Please let me know at Jim@bcidot.org if you have any suggestions or want to discuss this with me. Thank you.
What about the use of Volunteers in this "eExchequer Services" effort ?
This is one of the main reasons I am so much in favor of such an endeavor. It is also my prayer that the entity who provides this proposed this would do this almost exclusively via remote Volunteers as they locate, remotely train and supervise such folk like "Retired Keenagers" and "Moms at Home" (some Moms may need to earn wages while working remotely from their home, etc.) Such an effort would also include anyone who wants to assist in this remote Ministry in spite of their physical limitations; please Click Here for information about someone who is virtually deaf. Please be sure that all involved have an understood list of "Tasks and/or mutual expectations."
What would some of the "eExchequer Services" reports look like?
These reports would likely flow through the "Web Based or Online App" systems using software known as QuickBooks (QBs). Please Click Here and go to a link list of QBs Ministry Finance report samples within www.bcidot.org . Please Click Here and locate samples of BLVR'S reports.
NOTE ONLINE RESOURCES BELOW:
Name: See link sources below:
Mom at Home and Small Ministries www.bcidot.org/jrnl/0208-03.html#1
Retiree & Internet Financial Services www.bcidot.org/jrnl/0204-03.html#3
Internet Church Financial Services www.bcidot.org/chu/5109-99.html
eFINFAX Accounting system www.bcidot.org/all/0300-01.html
Dialog about the eFINFAX System www.rpfin.org/dialog/2000-01.html
Mom-Pop - smaller Ministries www.bcidot.org/jrnl/0205-08.html#01
e-Accounting - QuickBooks (QB) www.cpaasp.com/html/quickbooks.html
e-Accounting - Articles www.cpaasp.com/html/articles.htm
QuickBooks Online Edition: www.bcidot.org/web/0801-01.html
Ministry BuxBox Acctg via QBPro www.bcidot.org/all/0002-99.html
Brads Nests of Bees www.rpfin.org
Spending Controls www.qbuxbox.org
QuickBooks (QB) Online Edition: www.bcidot.org/web/0821-09.html
eEnvelopes - Mvelopes www.bcidot.org/fwi/0928-04.html
BLVR Bux Box Acctg via QB Pro www.bcidot.org/rpf/eEnv&QBuxBoxLinks&Resources.html
Online (Web-Based) Ministry Finance
ABOUT DONATION ACCOUNTING ETC
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UPTD: March 22, 2013
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