When I work for someone, then he is indebted to pay me. That’s a fair statement. But when I count my works (as a matter of earning faith in God) as being something for which God is indebted to pay me, I’m in big trouble, for God is indebted to no one.
The Bible says, “Now to him who works, the wages are not counted as grace but as debt. But to him who does not work but believes on Him who justifies the ungodly, his faith is accounted for righteousness, just as David also describes the blessedness of the man to whom God imputes righteousness apart from works.” (Romans 4:4-6)
Just what is this matter of imputation? In this context, it means count toward or credit. Because there is no way we can work enough to make God indebted to us, our work – our effort to earn faith – is in vain; that is, it is empty and meaningless.
But there is grace, God’s grace, which covers our flesh-mindedness and sinful nature! Because He doesn’t owe us anything, we cannot earn His favor or pleasure or eternal life. But for the one who believes in Him, a credit for righteousness is given: Grace is given.
Therefore, grace equals credit for righteousness. The Scripture shows here why this is not a matter of works – just simply a matter of confessing Jesus is Lord and believing that God raised His Son from being dead: a matter of one’s heart, not one’s hands – a matter of faith, not works (Romans 10:9-10).
Sounds to me as if all the work has been done for us.