Financials
These are basic templates. Feel free to use more detailed documents if desired.
Balance Sheet
Assets
Current Assets: (Others include: Prepaid Expenses & Investment in Growing Crops; Market Livestock; Other Liquid Assets)
Cash
$
Accounts Receivable
$
Feed, Seed & Supplies
$
Crops for Resale
$
Other
$
Total Current Assets $
Noncurrent Assets: (Others include: Retirement Accounts; Other Term Assets)
Real Estate
$
Equipment
$
Vehicles
$
Breeding Livestock
$
Cooperative Investments (Farm Credit Stock)
$
Other
$
Total Noncurrent Assets $
Total Assets (Current Assets + Noncurrent Assets) $
Liabilities
Current Liabilities: (Others include: Loans with Terms less than 1 year; Current portion of Term Liability Principle due within next 12 months)
Accounts Receivable
$
Accrued Expenses
$
Operating Loans
$
Other
$
Total Current Liabilities $
Noncurrent Liabilities: (Balances should be less than the Principle due in the next 12 months that will be shown as Current Liability)
Loans (terms greater than 1 year)
$
Capital Leases
$
Total Noncurrent Liabilities $
Total Liabilities: (Current Liabilities + Noncurrent Liabilities) $
Owner’s Equity or Net Worth: (Total Assets - Total Liabilities) $
Total Liabilities and Owner’s Equity (must equal Total Assets) $
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