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Re: Setting up land

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July 17, 2008 08:20AM
Amy,

If you owned ground that is not farmable/tillable, this is still an Asset. I would be entering the Total acres owned in the Initial Setup. Keep in mind you enter the true purchase cost in the Initial Setup. If the Land is different then what you paid, when in the Accounting mode (exiting Initial Setup) go to the Market Value Setup. Adjust any Assets etc. to their true resale value. After all adjustments have been changed, you can print a Market Value Balance Sheet. This is the report you would provide to Lending Instituions etc.

Hope this helps!

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

Setting up land

sanders26July 16, 2008 04:53PM

Re: Setting up land

KathyClineJuly 17, 2008 08:20AM



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