Financial statements every farm should use
publication date: Oct 1, 2015
With the end of the year in sight, it’s time to start thinking about evaluating your farm’s business performance for the year – and that means it’s time to think about the creation of the three key financial documents that provide a picture of the financial state of your business: the balance sheet to show your overall financial position; the income statement to show your financial performance for the previous year; and the statement of cash flows to describe the way money – including loan proceeds, debt service, and family living expenses – moves through your business.
Benefits of Full Access Membership
When you sign up for Full Access subscription, you get a year of:
•Access to the Archive, which contains every article published from 2001 to the present (more than 1,500 articles and growing every month.)
•Immediate access to a downloadable, searchable PDF version of each issue when it is published. You can store them on your computer for future reference.
•Discounts on books and back issues from the Online Store.
Click here to become a member.