MY DIARY

In a church , cash flow management is typically handled by specific individuals or committees to ensure transparency, accountability, and proper stewardship of finances. Here’s who is responsible : 1. Pastor/Chairman (Spiritual Oversight) Provides vision and direction for church finances. Ensures funds align with church mission and ministry goals . Works with the finance team to approve major expenses . 2. Treasurer (Financial Management) Main person responsible for tracking income (tithes, offerings, donations). Manages church bank accounts and prepares financial reports . Ensures bills, salaries, and expenses are paid on time. 3. Finance Committee (Accountability & Budgeting) Reviews and approves budgets for different ministries (missions, building funds, salaries, etc.). Conducts regular audits to prevent misuse of funds. Makes financial decisions based on church needs and projected income. 4. Church Secretary / Accountant (Day-to-Day Transactions) M...

 Cash flow is a critical aspect of Management Information Systems (MIS) because it ensures the financial health and operational efficiency of an organization. Here’s why cash flow management is essential within an MIS framework: 1. Decision-Making Support MIS provides real-time cash flow reports that help managers make informed financial decisions such as investments, cost-cutting, and budget allocations. 2. Business Sustainability & Growth A positive cash flow allows businesses to reinvest, expand, and take advantage of new opportunities, while MIS helps track cash inflows and outflows efficiently. 3. Risk Management MIS enables businesses to analyze financial risks , such as delayed payments or overspending, ensuring they take preventive measures before facing liquidity crises. 4. Operational Efficiency Proper cash flow management within MIS helps in: Timely supplier payments to avoid disruptions Employee salary disbursements to maintain workforce morale Deb...