Balance sheet : most important farm financial management tool
This circular shows you how to prepare a balance sheet and how to use it in making financial decisions. A balance sheet is the single most important document you use in financing your farm. The balance sheet is an essential document when borrowing money, but more importantly, it can help you determine how much progress you are making on the farm. The balance sheet also can tell you ahead of time when financial problems are likely to occur.
Table of Contents
Your financial tool kit -- Balance sheet; your most important financial tool -- Organization of the balance sheet -- When to prepare a balance sheet -- How to prepare the balance sheet -- Example balance sheet -- Preparing a balance sheet -- What the balance sheet shows -- Using the balance sheet in making decisions