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11
Feb

The Importance of Liquidity

February 11, 2020

By: Chris Laughton

In the financial world, your cash position is referred to as liquidity, i.e. your ability to pay your bills. Liquidity is important to any agricultural business, yet it may have a heightened significance depending on what you produce, how long it takes you to produce it and how it’s sold or marketed.

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Posted In: Financial Management

Tags: ag expenses, ag revenue, balance sheet, business management, cash accounting, cash flow, farm finances, farm revenue, financial management, net worth
17
Dec

Business Planning – it’s not what you think, or at least it doesn’t have to be!

December 17, 2019

By: Ethan Robertson

Writing a business plan is more about the process than the paperwork. Farm Credit East business consultant Ethan Robertson walks readers through the exercise of developing a one-page business plan.

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Posted In: Financial Management

Tags: balance sheet, business management, business planning, consulting
13
Aug

Save money with accurate record keeping

August 13, 2019

By: Emily Quinn

Accurate records are an important management tool, but did you know they can save you money? Accounting associate Emily Quinn discusses how proactively understanding your financial picture could help keep some cash in your pocket.

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Posted In: Financial Management

Tags: cost control, financial management, real-time accounting data, record keeping
21
May

Consistent, accurate payroll doesn't have to be a challenge

May 21, 2019

By: Rosmid Cruz

Working long days and still having to process payroll can be burdensome. You may find yourself rushing through the process because you have other business tasks to complete or family to take care of. There may be days you feel overwhelmed by having so many tasks on your to-do list that payroll simply slips your mind. That’s where we can help.

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Posted In: Financial Management

Tags: employee management, labor, payroll management, payroll, record keeping, taxes, time management