Today’s post focuses on Schedule F income utilized in the Schedule F Cash to Accrual tool. This FINPACK tool takes cash income from Schedule F, along with beginning and ending balance sheets, to arrive at accrual adjusted income for the year.
The latest FINPACK update is version 6.4.8.219. The update will be applied automatically for FINPACK+ users. For users of FINPACK installed, you’ll need to update via the HELP menu inside FINPACK. Launch FINPACK and select Software Updates under the HELP menu. Click ‘Check for Updates’, then follow the steps to install.
Minnesota farmers experienced a drastic reduction in farm income in 2023 primarily caused by decreasing prices for corn, soybean, and other commodities and challenging profitability for the dairy and hog sectors.
FINPACK FAQs, Registration for FINPACK Lender Training, Consolidating Data Sources in FINPACK+, How to Import Data into FINPACK+ Credit Analysis Files, Unlocking Business Secrets wtih UCA Cash Flows and more!
New data, from an external FINPACK Credit Analysis file can be imported into your institution’s
FINPACK+ Credit Analysis file for a customer. This feature allows you to add information, like
a balance sheet or cash flow projection, into an existing Credit Analysis file without overwriting the
remaining contents of the file.