Enterprise budgets and AI files can be summed to build a cash flow plan or actual summary data can be entered in a cash flow statement or plan. Data collection packets are provided for the user to summarize production and financial data needed for a complete plan. The budgets show expected per acre or per head receipts based on average yields and prices, and specific expenses required to produce crops or livestock. Budgets are easily modified to fit an individual situation.
Examples are insurance, utilities, cash rents and leases, and real estate taxes.
Capital sales and purchases are entered in AI along with outflows such as family living and income taxes. Click on sample statements to view the Adobe pdf image. The FFSC version will conform with FFSC recommendations for farm financial reporting. The user will have the option to develop a Value of Farm Production Income Statement. Detailed asset information is required for estimating deferred taxes.