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Take Note

by | Sep 14, 2018

At times it is necessary and desirable to add notes in a FINPACK file.  Notes are a log of important items related to the specific FINPACK tool they are attached to.  Notes are often used to provide additional information related to the customer and the specific FINPACK tool.  Notes can give additional detail and further outline methodology used for FINPACK users.  For example, a Note can be added on a balance sheet to further describe the details of contracted grain.  Or a Note can be added to a cash flow projection to outline the procedure used and thought process behind a loan restructure proposal.

Creating a Note

FINPACK Notes are simplistic to use.  To create or edit a Note, simply go to the Notes icon on the FINPACK toolbar.

Notes

Notes are available in all FINPACK tools.  A Note attached to a FINPACK tool can be any length and in any format.  Notes can be typed elsewhere and copied and pasted in FINPACK.  When printing, a Note associated with the output can be printed and attached to the financial statement.

Each tool or part of FINPACK maintains Notes independently.  For example, a Note attached to a tax form will not print with the output of a Schedule F Cash to Accrual Analysis or a C & I Business Analysis.  The Notes would be included with the output of the associated tax form.

Summary

Use Notes in FINPACK to track important details related to customer financial statements.  Notes can help give greater details within FINPACK, giving greater context to reviewers of FINPACK data.

 

Economist at FINPACK | 6126254219 | pvannurd@umn.edu | Website | + posts

Pauline Van Nurden joined the FINPACK Team as an Economist in 2017.

Prior to joining the FINPACK Team, she worked as a lender. This provides her valuable industry experience and knowledge in her work with FINAPCK. Pauline holds a Master’s Degree in Agricultural Education and Bachelor’s Degree in Applied Economics, both from the University of Minnesota.

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