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Re: Balance sheet for specific date?

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January 27, 2016 05:52PM
If you would like a profit/loss or Balance Sheet as of 12-31-2015, click the Working Date in upper right hand corner and change Working Date to 12/31/2015 and Click OK. The Cash Flow statement would be similar to the Budget Report. It breaks down the monthly costs.

Profit/Loss

1. Click on Accounting - GL - Cash Reports and select Income Statement.
2. Enter the Date range for 01-01-2015 to 12-31-2015.
3. Click Print.

Balance Sheet.

1. Go to Accounting - GL - Cash Reports-Balance Sheet or the Trial Balance can also be printed to show quick totals for all accounts (including the Revenues and Expenses), not just the Assets - Liabilities and Equity Accounts.

2. The Accrual Balance sheet will also include all the inventory items with monetary values.

Another Report that would show True Value Balance sheet, which a lot of Banks and other Lending institutions like to see, is called the Market Value Balance Sheet. When going to Accounting - Market Value, select Market Setup. The screen will display all accounts in GL. There will be two columns on the right for Books and Market. Any account that has a yellow folder can be edited changing to a Market Value compared to Book. Such as Equipment and other assets or even the Supplies or Harvested Crop Values. Click the Yellow Folder to change the Market prices - resale values. Click OK after changes have been made. Then the Market column will have a different Value from Book. Once all desired items have been edited. You can click the File Menu and select Print Report.

Hope this helps!

Thanks,

Kathy Cline,
Farm Works Software
SubjectAuthorPosted

Balance sheet for specific date?

lanwickumJanuary 27, 2016 03:34PM

Re: Balance sheet for specific date?

KathyClineJanuary 27, 2016 05:52PM

Re: Balance sheet for specific date?

lanwickumJanuary 28, 2016 11:21AM

Re: Balance sheet for specific date?

KathyClineJanuary 28, 2016 11:46AM

Re: Balance sheet for specific date?

Rod GrantJune 23, 2016 11:31PM

Re: Balance sheet for specific date?

KathyClineJune 24, 2016 07:47AM

Re: Balance sheet for specific date?

lanwickumJanuary 30, 2016 12:54PM



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