Summary
Changing the name of a file, sending a file, combining tax-forms into one cash-flow, and more in this month's FAQs from the FINPACK Support Team!
Changing the name of a file, sending a file, combining tax-forms into one cash-flow, and more in this month’s FAQs from the FINPACK Support Team!
Can I change the name of a Credit Analysis file in FINPACK+?
Yes, you can. Navigate to the Credit Analysis Files section of a customer’s profile. Click on ‘Actions’, then click on ‘Rename’.
Change the name, then click on ‘Save Changes’.
How do I fix my Presentation after copying it but still seeing last year’s loan info?
Provided you have entered the correct balance sheet in the ‘FINPACK Data Sources’ of your presentation, click on ‘Main Document’, located on the left-side navigation pane.
Next, click on ‘Edit > Reset from Template’, and select the three entities that are being asked for:
‘Select presentation template’ (this would be the template used in the presentation)
‘Select template section (source)’ (this would be the template’s Loan Table; usually titled ‘Present and Proposed Loans’)
‘Select presentation section (destination)’ (same selection as in entity #2).
Click ‘OK’ after making these selections and the presentation should then display the loan information from the balance sheet you entered in ‘FINPACK Data Sources’. If you do not see the correct information, please contact FINPACK Support for further assistance.
How do I send a file to someone without certain info such as a presentation or risk rating?
While in the file, click on ‘File > Copy’. This brings up a window showing the full path and filename you are copying and the destination folder to deposit the copied file into (you can select a different folder from the one that is displayed, but you cannot select the current folder the file resides in).
Next, you have the option of excluding certain parts of the file you do not want in the copied file; these options are – 1) Collateral Analysis, 2) Risk Rating reports, 3) Presentations, and 4) Notes.
Next, click ‘OK’ to proceed with the file copying process.
A customer has data in several different tax forms. How do I combine them into a cash flow?
This is accomplished through the Global Cash Flow (GCF) tool by entering the main tax form in the ‘Primary Business Cash Flow’ then following the steps below:
- Enter all the other tax forms into ‘Blank Other Tax Forms’ (if an income statement exists instead of tax forms, enter that form)
- If applicable, enter the customer’s 1040 tax form in ‘Blank Personal Cash Flow’ (multiple 1040 forms can be entered, including 1040’s for guarantors.) While in the file, click on ‘File > Copy’. This brings up a window showing the full path and filename you are copying and the destination folder to deposit the copied file into (you can select a different folder from the one that is displayed, but you cannot select the current folder the file resides in).
NOTE: If multiple tax forms of the same variety exist for a customer (e.g. two Schedule Cs for a customer’s trucking enterprises), they can be consolidated before entering the form into the GCF).
How do I preview one year out of a multiple-year cash flow?
A single year in a multiple-year cash flow can be previewed through the following steps:
- Click ‘Preview’.
- Click on the dropdown next to the ‘Preview’ icon, then click ‘Options’.
- In the lower-right corner of the ‘Options’ window (‘Multiple year options’), click on the particular year you want to see (‘1’ for year 1, ‘2’ for year 2, etc.) for both the ‘Start’ and ‘End’ year.
My risk rating scores do not match what I see in individual output (e.g. the cash flow). What causes this?
The main reason a risk rating score does not match what is displayed in an individual output, such as a cash flow, is because the risk rating category does not match what’s being used in the individual output. An example of this scenario is that the risk rating model could be using ‘Term debt coverage ratio – FINFLO’ but should instead be using ‘Term debt coverage (farm + personal) – FINFLO’; this has been in place since the Farm Financial Standards Council (FFSC) ratio modifications in 2022.
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