Center for Farm Financial Management
 
 

FINPACK Knowledge Base Articles

Resources

  • Handling CCC Loan as Income in Sch F Cash to Accrual
  • The Schedule F Cash to Accrual Analysis treats CCC loans as money borrowed in the year received. If the loan is reported as income for tax purposes, the analysis may show a cash discrepancy depending on how the tax preparer completes the Schedule F form. This document outlines some tips of how to track this down.

  • Sleuthing Cash Discrepancies
  • There are often tricky situations where a year end analysis will not balance when it comes to cash in and cash out. Whether you are using the Schedule F Cash to Accrual Analysis or the Financial Analysis (FINAN) there are some common culprits to track down cash discrepancies.

  • FINPACK Projection Tool Choices
  • "Which projection tool should I use?"

  • Farm Finance Scorecard
  • Guidelines for the Farm Financial Standards Council's recommended financial ratios and measures.

  • FINPACK Livestock Budget Estimates
  • These budgets are intended to provide guidelines for developing FINPACK livestock plans. They are based on the actual costs and returns of Minnesota farm producers included in the FINBIN Farm Financial Database.

  • Minnesota Price & Cost Summary
  • These prices and costs are suggested as guides for planning based on historical cost and returns for Minnesota farms included in the FINBIN Farm Financial Database.

  • FINPACK Labor Hour Estimates
  • FINFLO calculates Cost of Production Estimates for crop and livestock enterprises. These calculations rely on labor hours in the budgets. This document summarizes labor hours for several crop and livestock enterprises from FINBIN which can be used in the budgets.

  • Tax Impact on Debt Coverage (agriculture files)
  • This paper discusses how to handle income taxes payable so the calculation for term debt coverage includes accrual income taxes rather than income taxes paid.

Features

  • FINPACK Shortcut Icons
  • Quick explanation of the toolbar icons

  • Consolidating Balance Sheets
  • FINPACK allows users to consolidate the balance sheets or tax forms from several different data files into a consolidated file.

  • Importing Data from Another FINPACK File
  • FINPACK allows users to import data from a different FINPACK data file into their current file. This feature allows the receiving file to add or import new data, without overwriting the remaining contents of the file.

Input Forms

Setup & Deployment

  • FINPACK Vault documentation
  • These are instructions to configure the FINPACK Vault for use by farm business management instructors.

  • FINPACK QuickBooks Interface setup
  • These are instructions to install the QuickBooks driver required for the FINPACK QuickBooks Interface, plus settings within QuickBooks to allow FINPACK access.

  • Configuring FINPACK User Roles
  • In the Lender version of FINPACK, different user roles can be configured. The main distinction is users in the Analyst role can lock and unlock individual items in a data file. This document describes how to configure these roles within FINPACK.

  • FINPACK Deployment Options for Lenders
  • This paper describes the different options and best practices for FINPACK deployment options.

 
 
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