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Using QuickBooks to Manage Your Farm Business

Posted: October 16, 2013

Penn State Extension Dairy Team teaches accounting principles in a series of webinar modules and a hands-on workshop.

The Penn State Extension Dairy Team is offering a series of webinar modules plus a hands-on workshop for producers to learn agricultural accounting principles using QuickBooks software.

This course is comprised of four learning modules, which will be released 2 weeks apart.  The topics covered include:

* November 8: Module 1: Chart of Accounts, Managing for Reliable Data (Identify Hot topics for registrants)

* November 22: Module 2: Credits, Loans, and Assets

* December 6: Module 3: Basic Reports P&L, Balance Sheet, Cash Flow

* December 20:Module 4: Using Reports to find Mistakes / Customizing Reports

Online instructor help sessions will be held from 1:30 - 2:30 pm on the following dates: Nov. 8, 15, 22, Dec. 6, 13, 20, or upon appointment.

For those needing a refresher, or new to QuickBooks, a supplemental module on invoices and bills is also available for use.

The final portion of the course is a hands-on one day training covering: inventories, income statements from cash based reports, payroll, managing records for financial and tax-based needs, and participant identified hot topics. Locations will be decided after participants have registered based on their proximity on one of the following dates: January 8, 10, 15, 17, 22, 2014.

Registration fee is $150 per person, or $225 for two people from one farm. This program is eligible for SmartStart credits from AgChoice Farm Credit. (1 credit for each 2 hour webinar; 2 credits for workshops)

Register online at extension.psu.edu/animals/dairy, or download the form and mail to Penn State Extension Dairy Team, 324 Henning Bldg., University Park, PA 16802. Registration deadline is November 7th. Registration may also be done by calling toll-free 888-373-7232.

For more information contact Rob Goodling, Penn State Extension Associate, rcg133@psu.edu, 717-270-4391.