Mid-Shore Financial Management Workshop Shannon Potter Extension Educator, AGNR Maryland Cooperative Extension Talbot County 2005 Extension Risk Management.

Slides:

Advertisements

Similar presentations

Integrating Technology into the Accounting Curriculum using QuickBooks Pro! Managing your Business Transactions Implement Accounting Cycle Enter Transactions.

Advertisements

Ag Biz 11 Year of Success Dennis Kauppila University of Vermont Extension Extension Risk Management Conference, KC MO, 4/05.

Strategic Approach in Tackling ACCA Examinations By: Ms. Alice IP BEcon, MBus, CPA (Aust.), CPA College of Business and Finance HKUSPACE 16 March 2013.

Jubail Industrial College is pleased to announce Accounting & Finance Training Short courses For more information, please contact: Special Programs Unit.

VSCPA Northern Chapter Cloud Accounting Using QuickBooks Online With Not for Profits.

Choosing an Accounting Program Karisha Devlin Agricultural Business Specialist.

University of Maryland Extension Computer Training for Farm Businesses Jenny Rhodes Shannon Dill University of Maryland Extension Educators Agriculture.

QuickBooks for Farm Business Recordkeeping Jenny Vanderlin Assistant Director Center for Dairy Profitability Stan Schraufnagel Professor, Dept. of Ag Economics.

IFMAPS Individual Business Planning Assistance. IFMAPS is n A free, confidential service assisting Oklahoma farmers and ranchers with financial business.

: An Integrated Curriculum With Impact Across Four States C. Bastian, L. Anderson, T. Daniels, G. Gordon D. Griffith, S. Hadrick, V. Hayman, J. Hewlett,

INDIVIDUAL ACHIEVEMENT. EDUCATIONAL EXCELLENCE. ADMINISTRATIVE INNOVATION. INSTITUTIONAL PERFORMANCE. Banner Training and Help Desk Post Go-Live Becky.

CHAPTER 1. COMPUTER ACCOUNTING WITH QUICKBOOKS PRO 2009 WHY CHOOSE QUICKBOOKS?  3.5 million users  89% of small business accounting software sales.

Agricultural Management E-School AMES On-line learning to help you manage better.

Recordkeeping & Accounting

Quicken Education for Illinois Farmers Kevin Brooks Ruth Hambleton Farm Business Management & Marketing Educators 2005 Extension Risk Management Education.

FINANCE IN A CANADIAN SETTING Sixth Canadian Edition Lusztig, Cleary, Schwab.

Cash is crucial for a company to survive or for a project to cintinue. As a key indicator of corporate health, the amount of cash inflows and outflows.

MidAtlantic Women in Agriculture: How to Stay “Connected” Shannon Dill Jennifer Rhodes Victoria Corcoran Extension Educator, AGNR University of Maryland.

QuickBooks for Farm Business Recordkeeping Stan Schraufnagel Professor, Dept. of Ag Economics UW-River Falls Jenny Vanderlin Assistant Director Center.

An interactive exploration of SWCD Financial Management.

ANNIE’S PROJECT By: Shannon Dill, University of Maryland Extension Jenny Rhodes, University of Maryland Extension.

Integrated Farm Financial Statements (IFFS) Software Damona Doye OSU Extension Economist.

ABCs of Budgeting Basic Budgeting. What is a Budget  An itemized summary of expenditures  Total sum of money allocated  A collection of funds with.

A Gift For Your Heirs: Getting Your Financial Affairs in Order Marrison, David L. & Bruynis, Chris L. 39 Wall Street, Jefferson, Ohio BACKGROUND: When.

Advanced Business Planning Jeffrey Hyde The Pennsylvania State University Penn State is committed to affirmative action and the diversity of its workforce.

Business Transactions Financial transaction? NO YES Create journal entries Source Documents Record journal entries in JOURNALS Post to JOURNALS Post to.

ENTREPRENEURSHIP IN ENTERTAINMENT TECHNOLOGY WELCOME!

School Finances for Finance Subcommittees School Councils.

Financial Documentation Entrepreneurship Business Plan.

April 2008 BAS Forum Payments to Non-Resident Aliens Reference the March 20th to the BAS Communications group. Departments planning events for summer.

Managing Farm Information Systems. Mission To empower farm women to be better business partners through networks and by managing and organizing critical.

Increasing Financial Management Skills in Farm Women Chris BruynisAssistant Professor Bruce ClevengerAssistant Professor 2012 National Women in Agriculture.

JENNIFER RHODES, EXTENSION EDUCATOR, QUEEN ANNE’S COUNTY SHANNON DILL, EXTENSION EDUCATOR, TALBOT COUNTY MARYLAND/DELAWARE ANNIE’S PROJECT CO-CHAIRS EDUCATE.

VFC Chapter Officer Training Chapter Treasurer Stan Palen

January 14, 2010 Objectives: Students will identify their personalities, strengths, and weaknesses in relation to Entrepreneurship.

Northeast Risk Management Education Projects Bob Parsons University of Vermont.

“Heart of the Farm Bookkeepers’ Boot Camp” Trisha Wagner Jackson County UW-Extension Agent National Extension Risk Management Conference April 2011.

Tomorrow’s Top Agricultural Producer Program Stan J. Bevers, Associate Professor & Extension Economist, Vernon, Texas Blake Bennett, PhD., Assistant Professor.

Business Technology Mr. Bernstein Greene, pp Recordkeeping for Businesses December 11, 2013.

Budget and Finance Part II BCS-BE-26: The student explains the process in developing a budget. BCS-BE-27: The student analyzes the financial statements.

 Account names need to be entered ONLY if there is NOT a special column. ◦ Mini-Case  One line is sufficient for most transactions.  Exception - purchasing.

Use of Accounting Records and Financial Management in Business Transformation.

CHAPTER 7. CHAPTER 7 OVERVIEW  Accounting Cycle  Financial Statement Reports  Tax Reports  Management Reports  Export Reports to Excel COMPUTER ACCOUNTING.

Program Evaluation Requirements. Introduction Annie’s Project  Why now??  Who is Annie  Who the instructors are Really tell them something about yourself.

Risk Management Outreach and Training for New and Traditionally Underserved Agricultural Producers Nelson T. Daniels, Alfred L. Parks and Billy C. Lawton.

Talks! Using QuickBooks at Your Organization March 2011 Audio is only available by calling this number: Conference Call: ; Access Code:

Socially disadvantaged farmers and ranchers in Virginia need increased participation in United States Department of Agriculture (USDA) programs that will.

Record Keeping Goal Types of SAE Entrepreneurship- planning, implementing, operating, and assuming financial risks in an agricultural business or.

THE FARMERS MARKET SNAP SUPPORT PROJECT SNAP is the acronym for the Supplemental Nutrition Assistance Program, formerly known as the Food Stamp program.

NGS Outreach Dr Gillian Sinclair NGS Liaison Officer.

BUS 401 OUTLET Teaching Effectively/ bus401outlet.com FOR MORE CLASSES VISIT

How to Learn Bookkeeping At Home?

U.S. Opportunities: Charting your Path to Success.

Computer Accounting with QuickBooks 2015

Services NAELA Provides Chapters

Computer Accounting with QuickBooks 2012 Chapter 10

During the period Communicate End of period. During the period Communicate End of period.

THE FARMERS MARKET SNAP SUPPORT PROJECT

Accounting courses in Chandigarh CBitss Technologies SCO , Level 3,Near Passport office,Sector 34 A, Chandigarh /

CBitss Technologies offer s in-depth, practical and effective way to launch a satisfying career in accounting whether you’ve been working from many years,

Intensive Financial Management and Planning Support (IFMAPS)

Production Record Keeping

Production Record Keeping

Intensive Financial Management and Planning Support

Financial Statement Analysis

Financial Performance

Computer accounting with quickbooks 2018

Avaiable QuickBooks Support Phone Number 24/7

Presentation transcript:

Mid-Shore Financial Management Workshop Shannon Potter Extension Educator, AGNR Maryland Cooperative Extension Talbot County 2005 Extension Risk Management Education Conference

Background  Farm Business Management  Risk Area: Financial  Conduct a Financial Management Workshop using QuickBooks Software  Held Saturday March 27, 2004  Funded by NERME grant $1,000

Targets – by the end of the project  Participants will understand basic items on a balance sheet, cash flow and income statement  Participants will increase financial record keeping knowledge  Participants will learn the basics of journal entries and QuickBooks software

Targets - after the project  Participants will increase usage of financial documents on the farm  Participant will increase usage of financial software

Homework  Purchase software and get familiarized QuickBooks Pro 2004QuickBooks Pro 2004  Search for an available lab Check costsCheck costs High school, community collegeHigh school, community college  Attend a QuickBooks course  Gather resources and materials  Develop handouts/evaluations

Design  6-hour course held on a Saturday  Local community college computer lab  Class agenda IntroductionIntroduction Financial StatementsFinancial Statements QuickBooks IntroQuickBooks Intro QB EasyStep InterviewQB EasyStep Interview Q & AQ & A EvaluationsEvaluations

Market  This is essential to a successful QuickBooks course  Articles in newsletters, newspapers, flyers, direct mailing….  Received calls from QuickBooks users

Audience  Diverse  Small business, farms, corporations, ag lenders  Participants were from the 5 county area  10 participants (15 registered)  Various computer knowledge

QuickBooks

QuickBooks

QuickBooks

QuickBooks

QuickBooks

Evaluation  Designed for impact measurements  End of class 90% received considerable new information on farm records90% received considerable new information on farm records 90% increase knowledge on QB entries90% increase knowledge on QB entries 100% received considerable new information on setting up accounts100% received considerable new information on setting up accounts 100% received considerable new information on how to navigate QB100% received considerable new information on how to navigate QB

Evaluation  Comments “Learned how to open an account”“Learned how to open an account” “Keep record of finances”“Keep record of finances” “Setting up a QB account”“Setting up a QB account” “Power of QB”“Power of QB” “How to use a mouse”“How to use a mouse” “It is simpler with pencil and paper”“It is simpler with pencil and paper”  All but one participant were interested in an advanced class

Evaluation  Follow up – 6 months later Received 4 backReceived 4 back 2 have purchased QB2 have purchased QB 1 has thought about it1 has thought about it 1 is not going to purchase QB1 is not going to purchase QB Of the 3 interested in using QBOf the 3 interested in using QB  “it will increase the efficiency of the farm”

Tips  Computer lab is a necessity  Have an additional, computer literate, person as a helper  Be available for one-on-one questions and time  Market as many outlets as available  Don’t give up

Resources  The QuickBooks Farm Accounting CookBook by Mark Wilsdorf, Flagship Technologies,  Intuit website  QB help function  Chesapeake College Office of Continuing Education and Workforce Training

Thank You