MADISON, MO -- This news release supercedes information in
earlier news releases about The QuickBooks Farm Accounting
Cookbook™, and adds important details about the new book.
The QuickBooks Farm Accounting Cookbook™ provides quick
answers to farm accounting questions, with a minimum amount of
reading. It was written specifically to help farmers and ranchers
use QuickBooks more effectively, while minimizing the time required
for learning and using the program.
The Cookbook was authored by company president Mark
Wilsdorf. "I wrote this book with three main goals in
mind," Wilsdorf says. "The first was to make it a quick
'how to' reference for farm and ranch transactions and techniques in
QuickBooks. The second was to provide basic information about
setting up and using QuickBooks for farm accounting. The third was
to make the entire book easy to use, with plenty of farm-specific
examples, screen shots, and simple explanations."
Why a Cookbook?
The QuickBooks Farm Accounting Cookbook™ was designed
from the ground up as a quick reference to farm business
transactions. Each chapter covers a category of transactions--like
farm income, farm expenses, or loans. Topics within the chapter are
organized like a cookbooks recipes: each contains all of the
information necessary to answer a specific QuickBooks accounting
question, in just a few pages.
"This book doesn't require reading an entire chapter to get
the answer to your question," says Wilsdorf. "Anyone who
wants to know how to record a grain sale, livestock purchased for
resale, a milk check, or a loan payment can find the information
they need in a recipe devoted just to that topic, occupying only a
few pages."
New Information About the Cookbook
Here are topics covered in The QuickBooks Farm Accounting
Cookbook™ Volume I: QuickBooks Basics, Income &
Expenses, and More...
 |
Recording cash income |
| |
Deducting expenses (hauling, commissions, etc.) from a
deposit |
| |
Withholding cash from a deposit |
| |
Recording milk checks, capital retains, and revolvements |
| |
Accounting for resale livestock |
| |
Recording patronage dividends |
| |
Tracking quantities of things you sell (bushels, pounds,
etc.) |
| |
Recording cash discounts |
| |
Handling credits on account at the farm supply dealer |
| |
Recording refunds of expenses |
| |
The best way to enter farm & personal cash
spending & income |
| |
Tracking quantities of things you buy (gallons, tons, etc.) |
| |
Tracking family living expenses using equity accounts |
| |
Farm asset and liability basics |
| |
Tracking depreciable asset purchases and sales |
| |
Setting up accounts for loans and notes |
| |
Recording loan and mortgage payments |
| |
Borrowing/paying on a line of credit |
| |
Backing up and storing your QuickBooks records |
A second volume of the Cookbook was originally planned,
dealing with enterprise accounting and other advanced topics.
However it is now expected that the topics planned for Volume II may
be released in another format, such as a series of Web-based
articles.
Information for QuickBooks Newcomers, Too
Though most of the Cookbook is devoted to farm-specific
transactions and techniques, the early chapters of Volume I cover
QuickBooks basics. According to the author, new QuickBooks users are
often overwhelmed by the number of options available to them. He
says the Cookbook "helps new users understand which
features they should use and which ones they should avoid. It
prevents wasting time learning about things they may never use, and
lets them get started using QuickBooks with the confidence that
they're on the right track."
The Cookbook also gives new users the information they
need to properly set up QuickBooks for a farm business. According to
Wilsdorf, "Beginning with the right account and class
[enterprise codes] setup is extremely important. It is crucial for
getting the desired reports and information back out of your records
later. And it can make day-to-day transaction entry easier,
too."
Here are some examples of Cookbook topics specifically for
QuickBooks newcomers:
| |
Setting up QuickBooks for a farm business |
| |
QuickBooks features you should use...and features to avoid! |
| |
Planning and setting up your chart of accounts |
| |
Deciding which account types to use |
| |
Setting up classes (enterprise codes) to meet your
information goals |
| |
Setting up QuickBooks "items" |
| |
Managing farm business bills effectively |
| |
How to keep your records current |
| |
Reconciling your checkbook and credit card accounts |
| |
Why you should let QuickBooks print your checks |
| |
How to get real work done--using QuickBooks effectively |
Not Just for Farmers...
Though the Cookbook is aimed squarely at farmers and
ranchers, it will also appeal to several other audiences.
Accountants working with farmers and ranchers who use QuickBooks
will find the Cookbook a valuable reference for assisting
their clients with QuickBooks setup and operation. The same is true
of other professionals such as Extension agents and agricultural
lenders.
Teachers in vocational agriculture and community education
programs will find the Cookbook useful in the classroom as a
source of examples and ideas, and as a student text in
QuickBooks-based farm accounting courses.
Product Availability and Pricing
The QuickBooks Farm Accounting Cookbook™ Volume I:
QuickBooks Basics and a Whole Lot More, by Mark Wilsdorf, will
have a list price of $32.95. The "street price" of the
book, whether purchased from Flagship or other book sellers, is
usually less. It is available from Flagship Technologies, Flagship's
dealers, and through book stores served by Ingrams, the nation's
largest book wholesaler. To get the Cookbook directly from Flagship
Technologies, you may order online,
order by mail, or
order by phone (call 660-291-3000).
About Flagship Technologies
Flagship Technologies, Inc., is located at Madison, Missouri. The
company's primary focus is on developing and marketing
QuickBooks-related products and software add-ons, including ManagePLUS
for QuickBooks™, as well as other software products and
training materials. The company can be contacted by these means:
ManagePLUS is a trademark of Flagship
Technologies, Inc. QuickBooks and Quicken are registered trademarks
of Intuit.
Revised: 10/28/2004
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