As you work with agricultural customers this winter, do you find yourself running multiple cash flow scenarios? Are some farms wanting to compare major changes to their operation with their current situation? Are farm customers then looking to you for advice and...
Gathering customer data for year-end analysis and credit renewal can be difficult. FINPACK tries to assist with the process by providing a Balance Sheet Input Worksheet with the customer’s most recent balance sheet data for updating. This tool is provided...
Trading machinery and equipment is common for all types of businesses. FINPACK allows for streamlined data entry of capital purchases, sales, and trades within its different tools. By entering extra detail on the FINPACK balance sheet, the details of these capital...
A common question the FINPACK team receives is, “What is the best way to enter credit card balances on the balance sheet?” Like many things in the financial world, it depends on the customer situation. Walking through the different scenarios will help determine...
Minnesota farmers experienced their fifth consecutive year of low profitability in 2017. The median farm earned $28,551, down slightly from just over $36,000 in 2016. Declines in farm income were largely driven by low profits and losses for cash crop farms,...
