Integrating QuickBooks into FINPACK

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10 Νοε 2013 (πριν από 3 χρόνια και 10 μήνες)

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Copyright © 2010 Center for Farm Financial Management, University of Minnesota



Department of Applied Economics

800
-
234
-
1111 www.cffm.umn.edu

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


A comprehensive whole farm
financial planning and analysis
system

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


National Farm Financial
Management and
Benchmarking Program








Copyright © 2010 Center for Farm Financial Management, University of Minnesota


www.finbin.umn.edu



Data providers:

MNSCU Farm Business Management

U of MN Farm Management Associations

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


FINPACK: Benchmarking at Analysis Time

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


RankEm
: Benchmarking for the Local Program

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


FINBIN: Benchmarking On Demand

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


myFINBIN
: Benchmarking Against My Peers

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Dairy Farm Financial
Benchmarks

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Dairy by Enterprise Size


FINBIN MN 2012 (Excluding Organic & Rotational Grazing)

No. of Cows

1
-
50

51
-
100

101
-
200

201
-
500

>500













Milk per cow

16,608

19,829

20,829

23,444

25,921

Avg. milk price per cwt.

19.41

19.17

19.48

19.46

19.49

Gross margin

3,017

3,700

3,942

4,407

4,777













Feed cost

2,006

2,208

2,155

2,391

2,471

Veterinary

96

93

94

100

113

BST

3

10

23

44

57

Hired labor

59

139

278

423

571

Depreciation, bldg lease & interest

183

234

278

312

276

Total expenses

3,108

3,516

3,628

4,161

4,374













Net return to operator
lbr

& mgt

-
91

184

314

246

403













Cost of production

22.34

19.73

19.09

19.09

18.44

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


This all takes a lot of time…


Copyright © 2010 Center for Farm Financial Management, University of Minnesota


FINPACK Accounting Interfaces


MicroTel (Michigan)


PC Mars (Iowa Farm Business)


EasyFarm (North Dakota)


UltraFarm


QuickBooks


Quicken

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Classes and Tags

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Match Chart of Accounts

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Memo Field Quantities

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Interface Pricing

Quickbooks Interface:



$95


Quicken Interface:




$45

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


QuickBooks Online Training

http://www.cffm.umn.edu/

Copyright © 2010 Center for Farm Financial Management, University of Minnesota


Acknowledgments


Wynn Richardson, Software Development


Rann Loppnow, Software Development


Curtis Mahnken, Online Training


Jeff Reisdorfer, Online Training