Description:
Designed for producers, financial managers and bookkeepers. Are you ready to take charge of your own operation’s finances? Your balance sheet is the place to start. Coupled with your accounting software, your balance sheet provides a critical tool to monitor and control the financial future of your business. Lenders take note when farm borrowers walk into the bank with a completed balance sheet in hand. This webinar will introduce you to a free software package, “FINPACK Lite,” which allows you to enter and maintain your own balance sheet. We will talk about how to analyze a balance sheet, what lenders look for, and what you should look for. Then we will show you how easy it is to develop your own balance sheet in FINPACK. Finally, we will show you how you can download FINPACK Lite and put it into action. Instructor: Dale Nordquist, associate director, Center for Financial Management, University of Minnesota. Dale is an Extension economist specializing in farm management. His interests include farm business analysis, farm planning and software development. Hours: 11:30 a.m. EDT - 1:30 p.m. EDT. Registration: Free. Presented by Penn State Dairy Alliance. For more information: http://www.das.psu.edu/dairy-alliance/education/taking-charge-of-your-farm-finances-balance-sheets-are-the-first-step