For many churches, they don't have the scale or funds to hire a finance professional full time. This was the driving force behind setting up Diligent Finance Management, to provide a function that took all the day to day bookkeeping, alongside management account creation and analysis to provide into the PCC / Treasurer in a format that they can quickly digest and make decisions on. Services provided include;
Bookkeeping to reconcile accounts (using Xero or Quickbooks or other packages on discussion)
Analysed and summarised Income & Expense Reports
High level review of Balance Sheet including split of Funds
Monthly Review with Operations Manager / Treasurer as appropriate
Provision of Payroll Services including oversight of pension provisions
Provision of additional reporting to pull in key metrics such as the use of data from Church Suite.
These services are provided on a fixed price basis to help with forecasting and ensuring that the church gets value for money.