Archives for December 2017

Where Did My Old Cash Flows Go?

Where did my old cash flows go?The 2017 update of FINPACK includes significant changes to cash flow projections.  FINPACK now has a section for Legacy Projections and Projections.  So, what is the difference and where did my old cash flows go?

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FINPACK Knowledge Base

FINPACK Knowledge BaseFINPACK Knowledge Base has resources, input forms, and other helpful topics to aid in using FINPACK.   Go to this website as you begin using FINPACK or if you are looking for helpful hints and tricks to enhance your use of the software.

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What are Deferred Liabilities?

Deferred LiabilitiesDeferred liabilities are the taxes and other expenses to be paid when assets are sold.  Deferred taxes are the difference between the balance sheet value of an asset and its tax basis.  In other words, if the business is liquidated, what taxes would be due on current inventories and capital assets? 

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‘File is newer than expected’ message

File-Version-Newer-FINPACKIf a FINPACK file is opened and a message appears stating ‘File is newer than expected’, it is because someone else has opened that file with a newer version of FINPACK.

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Importing Data from Another FINPACK File

Importing Data from Another FINPACK FileFINPACK 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.

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Consolidating Detailed Balance Sheets and Tax Forms

Consolidating Detailed Balance Sheets and Tax FormsFarm and other small business credit analysis becomes increasingly difficult when the business owner(s) has organized into multiple entities. Commonly, multiple entities are created for tax and/or liability reasons. To aid in credit analysis for operations of this type, FINPACK allows users to quickly consolidate the balance sheets or tax forms from several different data files into a single file. By consolidating these financial statements, the lender can quickly garner the most complete, global financial picture of their borrower.

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