Adam Bluemner from FindAccountingSoftware.com shares three things to consider when deciding between in-house or outsourced payroll. Check out their story at this link:

3 Things to Consider When Choosing Between Payroll Software and Outsourcing

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:

1. The Complete Guide to Switching from Basic to Advanced Accounting Software

   For businesses using basic accounting programs that are outgrowing their features and functions.

2. The Complete Guide to Switching from Basic to Advanced Payroll Software

   For businesses using basic payroll programs that are outgrowing their features and functions.

3. 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.

Check out this amazingly clear and concise explanation of breakeven analysis, by Amy Gallo at the Harvard Business Review. You can determine breakeven analysis for your own products, by using their interactive tool.

A Quick Guide to Breakeven Analysis

By Stephanie Elsen

Keeping track of financial information for your farm is crucial to generating profits. Tracking that information allows you to analyze the numbers, so you can see what’s working and what needs improvement. If you are currently using manual methods or a very basic bookkeeping program, you can benefit by taking your farm record keeping a step further. You might be amazed at the results and growth you will experience by analyzing your numbers, and basing your decisions on those numbers. Here are some of the advantages to upgrading your financial management system.

Easily provide your banker with any documents needed.

An agricultural financial management system, when used properly, allows you to keep track of important information. When you need to provide documents for loans or loan renewals, that information is already stored within your system, so you can pull up reports such as a balance sheet or income statement with ease.

Plan for profits.

Knowledge is power, and when you have accurate information available at your fingertips, you are able to plan for future profits based on actual history, using tools like budgeting, asset information, and cash flow analysis. None of these are available with manual record keeping methods.

Track each enterprise as its own entity for analysis.

With manual recordkeeping, it can be hard to know how each area of your operation is performing. By implementing a computerized farm record keeping system, you will be able to see which of your profit centers are performing poorly and either improve or eliminate them. Also, knowing which areas are performing well will give you insight into what you should continue to focus on for maximum profits.

Distribute expenses to the right profit center.

Wondering what your true cost of production is? Understanding your cost of production gives you valuable insight that makes it easy to see where cost cutting or pricing adjustments are needed. Using a good Ag financial management tool allows you to distribute costs to multiple profit centers or production centers from one transaction, so you can run reports and understand your true cost of production. And with this information in hand, you’ll be on your way to increased profits.

As with any process or system, you get out of it what you put into it. Using a better financial management system for your farm record keeping, and making sure you keep it up to date, will send you on your way to increased profits. With your effort and an Ag financial management tool, you can improve your farm’s profitability and be more confident in decision making for your farm.

Computer Forms, Inc. checks have eight standard security features to protect your company!

Identity theft and fraud are continuing problems. Keeping your company’s assets safe is your prime consideration. We will supply checks that include a minimum of eight (up to ten are available) different security features.

Computer Forms, Inc. the exclusive provider of checks and forms for Red Wing Software customers offers a Price-Match Guarantee.

You can order checks guaranteed to be 100% compatible with your Red Wing Software products and Computer Forms, Inc. will match your current vendor's price on any new custom printed check. Checks must be commercially produced and have comparable design and security features.

To place your order, please call: 1-800-458-0158.