(800) 234-1111

FINPACK News

Where did my cash flows go?

by | Jan 8, 2020

“Where did my cash flows go?”

This is the panic call FINPACK Tech Support has currently been receiving. As the credit renewal season begins, many users are quickly becoming aware Legacy Projections have been removed from the main file navigation dialog with the 2019 FINPACK annual update. Don’t fret, legacy projections are still available for viewing and use in customer FINPACK files.

Using legacy projections for new cash flows

You can create a new cash flow projection by copying forward a legacy projection in a customer’s FINPACK file. To do so use the “Create FINFLO with a copy” option in the Cash Flow Projection tool. When using this feature the drop-down box will list all cash flow projections available in the customer file. As seen in the graphic below, Legacy Plans automatically populate and are designated with “Legacy” as part of their title. FINPACK will automatically determine the type of plan (annual, monthly, or monthly with budgets) based on the plan you are copying. You will not be able to copy a plan and change the projection type.

Creating a new cash flow projection from a copy.

Viewing legacy projections

Legacy projections can be accessed for viewing as well. To do so, go to Tools + Options, then File Settings + Legacy Projections. Once navigated to this location, all legacy annual plans and legacy month projections can be viewed. This is accomplished by selecting the desired legacy projection and then using the “View Output” button. No changes can be made to the projection, but the original version can be viewed and printed.

Viewing legacy projections.

The “new” projection tool

At this point, FINPACK users are becoming fast acquainted with the FINPACK cash flow projection (FINFLO) tool. Still, there may be questions. The FINPACK Team has several resources available to assist with using the cash flow projection tool. These include:

Summary

The legacy projection tools are no longer available in FINPACK, but customer cash flow projections created using this tool are still available. The “new” cash flow projection tool has been available for several years. This 3-in-1 projection tool has many new features. Many of the enhancements have come at the request of lenders and have received positive feedback.

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.

Latest News
New and Improved: Financial Ratios in FINPACK

New and Improved: Financial Ratios in FINPACK

This post highlights the updated financial ratios in FINPACK. The ratio updates are based on the recent updates to the Farm Financial Standards Council's Financial Guidelines for Agriculture. The 2022 release of the Farm Financial Standards Council's (FFSC) Financial...

FINPACK News – November Digest

FINPACK News – November Digest

The FINPACK Lenders Conference is around the corner, the FINPACK 2022 update is live including new monthly Commercial Cash Flow capabilities, and the FINPACK team at the ABA Ag Bankers conference in Omaha! Register Now for the FINPACK Lenders Conference...

The New Monthly Commercial Cash Flow Capability of FINPACK

The New Monthly Commercial Cash Flow Capability of FINPACK

What's New in the Commercial Cash Flow Tool in FINPACK? The 2022 Fall Release of FINPACK adds the capability to complete annual OR monthly cash flow projections for commercial clients. These projections can be for a few months or multiple years. This replaces the...

What’s New in the 2022 FINPACK Update?

What’s New in the 2022 FINPACK Update?

The 2022 FINPACK update brings changes to Tax Forms, incorporates new Financial Standards Measures, introduces a new Cash Flow Projection into our commercial tools and more! Farm Financial Standards Update The FINAN Financial Analysis and FINFLO Cash Flow Projection...

FINPACK NEWS Digest – October 2022

FINPACK NEWS Digest – October 2022

FINPACK lenders conference registration is open, the updated Farm Financial Scorecard, lender training, and looking forward to the ABA Ag Bankers Conference Register for the FINPACK Lenders Conference The FINPACK Lenders Conference is back in-person! Join us...