November 14, 2014

Financial Accountability

Written by Boyd Bailey

Thoughts from daily Bible reading for today – November 14, 2014

We want to avoid any criticism of the way we administer this liberal gift. For we are taking pains to do what is right, not only in the eyes of the Lord but also in the eyes of man. 2 Corinthians 8:20-21

Financial accountability is first and foremost in the eyes of an organization with integrity. This especially applies to gifts made in the name of the Lord to a church or ministry. For those who name the name of Christ there is a high standard of fiduciary responsibility in handling cash. The best reputations in wise financial management belong not to cavalier money managers, but conscientious ones.

What checks and balances does your church have in place to protect you from fraud? Do the ministries you support have an audit by an outside firm to assure impartial oversight? These are basic bottom line best practices that protect everyone involved. Naïve trust without accountability—as it relates to money—can lead to mismanagement of funds.

Wise money management doesn’t do just enough to get by, but it goes the extra mile to avoid any criticism in the misappropriation of funds. There is a solemn commitment to steward well the Lord’s resources. Churches and ministries that highly value stewardship, go to great pains to put leaders of integrity in place—who manage money with integrity.

How are your personal finances? Has God blessed you materially and with money? Do you represent Him well, as His money manager? Is there a financial professional full of character that looks over your shoulder, as an accountable second set of eyes? Secretive financial practices invite suspicion, while full financial disclosure promotes integrity.

If you are a married couple—financial ignorance is not an option. One spouse may manage the finances, but the other one needs to understand their financial status and they both need to hold each other accountable. Most families and organizations do not complain of too much financial accountability, but many get in trouble where it’s lacking.

Therefore, whether at work, home or church implement financial processes and policies that provide ongoing accountability. God blesses with more those who manage well a little. It’s passing the small tests in financial accountability that affords you larger opportunities. Honor the Lord and man by taking pains to be financially accountable.

“Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things” (Matthew 25:23a).

Prayer: How can I be a catalyst for financial accountability at work, home and church?

Related Readings: Judges 17:2; Amos 8:5; 1 Corinthians 16:1-4; Matthew 27:3-5

Post/Tweet today: Secretive financial practices invite suspicion, while full financial disclosure promotes integrity. #wisdomhunters

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Comments

  1. Betsy Okresik says:

    Thank you for this info. Please pray for my husband George who needs to believe and receive Christ.

    1. Gwynne says:

      Dear Betsy~
      Please know that your family at Wisdom Hunters will be praying for George. We will lift him up to our Heavenly Father who knows us, hears us and LOVES us!!
      I want you to have my email address and if there is anything else we can pray about or if you would like to reach out, please feel free to. We are here for you, Betsy. In the meantime, we are praying for George that he may know his Lord and Savior!
      Believing and trusting~
      Gwynne
      Gwynne@wisdomhunters.com
      “You keep him in perfect peace whose mind is stayed on you. Trust in the Lord forever, for the Lord God is an everlasting rock.”
      Isaiah 26:3,4


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