Report Preview Options

FINPACK Report Preview OptionsDid you realize there are options that can be selected when previewing output from FINPACK tools?  The drop-down arrow on the right side of the Preview Output icon allows the user to select the output options to be viewed when previewing.   Clicking the drop-down arrow brings up a dialogue box where the preview options are selected. [Read more…]

How to Use the FINPACK Loan Calculator

How to use FINPACK Loan CalculatorThe FINPACK Loan Calculator is a useful tool as you enter or edit loan payment information into a Balance Sheet, Cash Flow Projection, Long Range Plan, or Financial Analysis in FINPACK.  The loan payment details from the Loan Calculator can be pasted into data entry, or it can also be used as a freestanding tool to brainstorm possible loan payment options.  When using the calculator in freestanding mode, the information cannot be pasted into FINPACK.  Here the only option is to View Payment Schedule and print or export the schedule.

There are two types of repayment options in the FINPACK Loan Calculator – amortized payments or fixed-principal payments.  The type of loan being modeled will dictate the specific calculator chosen.  [Read more…]

The Value of a Cost Balance Sheet

Cost balance sheets value assets at purchase price less accumulated depreciation.  This accumulated depreciation can be done using tax or management depreciation methods. Management depreciation differs from tax depreciation by using the economic or useful life of the asset for depreciation calculations.

Using cost balance sheets allow lenders to better monitor the financial performance of the business over time.  With cost balance sheets, net worth growth comes from business retained earnings.  Cost value balance sheets do not have market valuation changes affecting the net worth of the business.  Hence true business performance is measured by the cost balance sheet.

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FINPACK Knowledge Base

FINPACK Knowledge BaseFINPACK Knowledge Base has resources, input forms, and other helpful topics to aid in using FINPACK.   Go to this website as you begin using FINPACK or if you are looking for helpful hints and tricks to enhance your use of the software.

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Consolidating Detailed Balance Sheets and Tax Forms

Consolidating Detailed Balance Sheets and Tax FormsFarm and other small business credit analysis becomes increasingly difficult when the business owner(s) has organized into multiple entities. Commonly, multiple entities are created for tax and/or liability reasons. To aid in credit analysis for operations of this type, FINPACK allows users to quickly consolidate the balance sheets or tax forms from several different data files into a single file. By consolidating these financial statements, the lender can quickly garner the most complete, global financial picture of their borrower.

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