Mid-Shore Financial Management Workshop - National Ag Risk ...

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Nov 9, 2013 (3 years and 7 months ago)

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Mid
-
Shore Financial
Management Workshop

Shannon Potter

Extension Educator, AGNR

Maryland Cooperative Extension

Talbot County


2005 Extension Risk Management
Education Conference

Background


Farm Business Management


Risk Area: Financial


Conduct a Financial Management
Workshop using QuickBooks
Software


Held Saturday March 27, 2004


Funded by NERME grant $1,000

Targets


by the end of the project


Participants will understand basic
items on a balance sheet, cash flow
and income statement


Participants will increase financial
record keeping knowledge


Participants will learn the basics of
journal entries and QuickBooks
software

Targets
-

after the project


Participants will increase usage of
financial documents on the farm


Participant will increase usage of
financial software

Homework


Purchase software and get familiarized


QuickBooks Pro 2004


Search for an available lab



Check costs


High school, community college


Attend a QuickBooks course


Gather resources and materials


Develop handouts/evaluations

Design


6
-
hour course held on a Saturday


Local community college computer lab


Class agenda


Introduction


Financial Statements


QuickBooks Intro


QB EasyStep Interview


Q & A


Evaluations

Market


This is essential to a successful
QuickBooks course


Articles in newsletters, newspapers,
flyers, direct mailing….


Received calls from QuickBooks
users

Audience


Diverse


Small business, farms, corporations,
ag lenders


Participants were from the 5 county
area


10 participants (15 registered)


Various computer knowledge

QuickBooks


QuickBooks


QuickBooks


QuickBooks

QuickBooks


Evaluation


Designed for impact measurements


End of class


90% received considerable new
information on farm records


90% increase knowledge on QB entries


100% received considerable new
information on setting up accounts


100% received considerable new
information on how to navigate QB

Evaluation


Comments


“Learned how to open an account”


“Keep record of finances”


“Setting up a QB account”


“Power of QB”


“How to use a mouse”


“It is simpler with pencil and paper”


All but one participant were
interested in an advanced class

Evaluation


Follow up


6 months later


Received 4 back


2 have purchased QB


1 has thought about it


1 is not going to purchase QB


Of the 3 interested in using QB


“it will increase the efficiency of the farm”


Tips


Computer lab is a necessity


Have an additional, computer
literate, person as a helper


Be available for one
-
on
-
one
questions and time


Market as many outlets as available


Don’t give up

Resources


The QuickBooks Farm Accounting
CookBook by Mark Wilsdorf, Flagship
Technologies,
www.goflagship.com


Intuit website


QB help function


Chesapeake College Office of
Continuing Education and Workforce
Training

Thank You