My approach in providing basic financial statements has four goals:
Goal 1 - Provide complete and accurate financial information to the reader
It is important that the finances of the parish be transparent. All financial activity should be reflected in the statements and not just the general operating account. To accomplish this, we need an adequate accounting system that is properly maintained. This means that all financial information is entered into the system and there are checks and balances to verify that nothing has been left out.