By Stephanie Elsen
Red Wing Software, Inc. announces the addition of three guides to help software seekers make the right decision when outgrowing their basic or “starter” software programs. The guides are meant to cover every step of the software search, and can help organizations make the right software decision for their business.
“The internet has become the go-to place for organizations researching for accounting and payroll software,” says Stephanie Elsen, Red Wing Software Web Marketing Manager. “Our aim is to provide those outgrowing their basic programs the information they need to make the right decision. These guides help them move to another program that fits their needs and budget, without wasting their time and money. The guides provide valuable details they might not otherwise understand, and will help them narrow down their search to a short list of software vendors.”
Three guides are currently available:
The Complete Guide to Switching from Basic to Advanced Accounting Software
For businesses using basic accounting programs that are outgrowing their features and functions.
The Complete Guide to Switching from Basic to Advanced Payroll Software
For businesses using basic payroll programs that are outgrowing their features and functions.
The Complete Guide to Switching from General to Agricultural Accounting Software
For agricultural operations/farms using general accounting programs, and want a way to improve profits and help make better decisions.
All three guides are available for free. They are ad-free and are packed with tips for helping with a software search. Visit www.redwingsoftware.com to download your guides.
Congratulations to Red Wing Software customer, Frank & Sims Price Ranch! They have recently been recognized the national winners of the Environmental Stewardship Award Program, sponsored by the National Cattleman's Beef Association, National Beef Federation, Natural Resources Conservation Service, Dow Agro Sciences and the US Fish and Wildlife Service.
Frank & Sims Price Ranch have used Red Wing Software accounting programs since the early 1980's. Frank, the owner of the ranch, says, "Your accounting program is an integral part of our success in operating a sustainable ranching operation. Benefiting the rangeland, wildlife and our family's opportunity to remain on the land and preserve it for future generations."
Check out the recent Farm Futures Ag Finance Boot Camp that was recently held in St. Louis. The program was hosted by Farm Futures magazine and was sponsored by John Deere, Farm Credit, and the Council. More than 80 farmers attended!
Officers and board members of the Farm Financial Standards Council presented, and Julie Strain of Red Wing Software was a speaker at the event.
Read more here: Council Members Featured at Farm Futures Boot Camp
Check out this amazing video by Farm Credit East! The video gives first-hand details about how CenterPoint Accounting for Agriculture works for farms, and how Farm Credit East helps farms.
By Stephanie Elsen
Professionals from the Farm Financial Standards Council are answering questions about ag financial matters (non-tax related). Here is a question recently submitted by Travis F. Thanks for submitting your question, Travis!
“My question pertains to the reporting of current and non-current portions of non-current liability on a balance sheet. Is a loan with monthly payments treated differently? That is, for a monthly-payment loan, does one still include only the upcoming 12 principal payments for said loan under current portion of non-current liability?”
Thanks, Travis F.
The current portion of a non-current liability (a debt with a repayment term longer than one year) is the amount of principal that is due to be repaid within 12 months of the date of the balance sheet. If the balance sheet is dated January 1st, 2014 then the current portion would be the principal due in 2014 regardless of the frequency of the payment (monthly, quarterly, etc.).
Farm Financial Standards Council
Click Here to Email Your Questions or email FFSC@redwingsoftware.com with a subject line of “Questions for the FFSC”. The FFSC will select questions to answer on this blog.