Your SlideShare is downloading. ×
0
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Download presentation source
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Download presentation source

146

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
146
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. QuickBooks or Quicken & Farm Accounting Resources Joe Horner Extension Dairy/Beef Economist Commercial Agriculture Program
  • 2. Learning Objectives <ul><li>Understand which farmers to guide to Quicken and which to guide to QuickBooks. </li></ul><ul><li>Become aware of the new MU web page: Farm Accounting Resources http://agebb.missouri.edu/mgt/mofar/index.htm </li></ul><ul><li>Share ideas for future farm accounting tool development and dissemination. </li></ul>
  • 3. Quicken vs. QuickBooks Reality
  • 4.  
  • 5. Quicken vs. QuickBooks <ul><li>Neither was built for farm accounting </li></ul><ul><li>Quicken was built for Personal Finance </li></ul><ul><li>QuickBooks was built for Small Business Accounting </li></ul><ul><li>QuickBooks is true double entry accounting with a General Ledger available. Remember Debits and Credits? </li></ul><ul><li>Some accountants are pushing QuickBooks as a standard for their small business clients. </li></ul>
  • 6. Key Issues <ul><li>QuickBooks inventories, invoicing and other forms are really nice for farmers with side businesses. </li></ul><ul><li>Two other good points: excellent payroll capabilities, excellent 2 stage accrual A/P and A/R process available but not mandatory. </li></ul><ul><li>Key warning: If farmers don’t keep records weekly forget the 2 stage process. Stay with Quicken?? </li></ul>
  • 7.  
  • 8.  
  • 9.  
  • 10.  
  • 11. Version? Get QuickBooks Pro Every Report can be popped into Excel by just hitting a button. This becomes a real need if you want balance sheets, (Keep Book Value on QuickBooks, pop to excel for Market Value quick editing. Also key to being able to create/edit enterprise reports.
  • 12. Which farmers to guide to QuickBooks? <ul><li>Do they like accounting? </li></ul><ul><li>Do they have several employees? </li></ul><ul><li>Do they keep their records up to date weekly? </li></ul><ul><li>Are they having problems managing Accounts payable or Accounts Receivable? </li></ul><ul><li>Do they have a side business with inventory? </li></ul>
  • 13. Farm Accounting Resources New Web Page <ul><li>Created to be a “one stop shop” to link to all of the farm accounting resources MU offers. </li></ul><ul><li>Created to take farmers, adult educations, extension agents, & ag bankers to best farm accounting resources on the web. </li></ul><ul><li>New – 9/17/2001. Work in progress. Suggestions welcome. </li></ul><ul><li>More to come…… </li></ul>
  • 14. Start Here
  • 15. Go to 4 th Link Down
  • 16.  
  • 17.  
  • 18.  
  • 19.  
  • 20. Ideas for Farm Accounting Resources Web Page <ul><li>FBMA Quicken chart of categories link will be added. </li></ul><ul><li>List of local contacts will be added: adult ag educators & extension. </li></ul><ul><li>More QuickBooks tools. </li></ul><ul><li>Comments and Suggestions? </li></ul>
  • 21. Summary <ul><li>Which farmers to guide to Quicken and which to QuickBooks. </li></ul><ul><li>New “ Farm Accounting Resources” page http://agebb.missouri.edu/mgt/mofar/index.htm </li></ul><ul><li>More projects in development. </li></ul>

×