You know you need to keep better financial records. But what exactly needs to be done, and when? What should you prioritize during the growing season, and what can wait for winter? Find out with The Carrot Project’s free farm financial management calendar webinar with Julia Shanks. Download the slides here.
This webinar presents a new Financial Calendar tool to help you stay on track during the growing season. The tool is split into Part 1 and Part 2, and can help you stay organized with daily, weekly, monthly, and annual tasks. Adapt the calendar to your farm's needs and realities and create a personalized financial management calendar for your farm.
Review basic accounting concepts that underlie QuickBooks. Go through the basic setup of QuickBooks including creating a customized Chart of Accounts. We demonstrate basic transactions such entering expenses, creating customer invoices and recording bank deposits. Download the slides.
With a basic understanding of QuickBooks, we delve a little deeper into its capabilities. The hour-long webinar covers:
Now that you are setup in QuickBooks and have your systems for data entry setup, we will discuss how to use the data within QuickBooks to make decisions on how to manage and grow your business. We will run reports, including the profit and loss statement and the balance sheet, and discuss how to extract important information about your business. We will also talk about how to use QuickBooks data to build financial projections to bring to prospective lenders.
Download the slides. Recording forthcoming.
Review your financial statements with a managerial eye: What does the Balance Sheet tell me about my business? How can I improve my profitability by reviewing my Profit and Loss Statement? The presenter, Julia Shanks, also discusses cash flow management tools. Download the slides.
Did you enjoy the webinar? Feel free to get in touch with feedback about the presentation or any further questions.
For more information about basic accounting for farmers, contact Senior Business Trainer Julia Shanks.
For more information about The Carrot Project's programs, email us at info @ thecarrotproject.org.
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