fbpx

Read the latest news and resources

BACK TO LATEST NEWS

What is good communication? Improving communication with your bank can be as simple as providing Cashmanager RURAL reports regularly as the year progresses. Clients that take a proactive approach and keep the bank informed throughout the year comment that their financier is far more supportive.

EFS Report – The Economic Farm Surplus (EFS) report includes key performance indicators (KPI’s). To be really useful it requires a balanced stock reconciliation but if this is done and the change in livestock value is calculated the EFS report provides your financier with a good indication of profit.

Stock Reconciliation Report – On any livestock farm presenting this to your financier is very important as it shows whether you are increasing or decreasing capital livestock. Any change will have a big impact on cashflow and profit – this is something they must know!

Worksheet Reports – Worksheets let you record detail behind your budget and make it easier for you and your financier to understand how the numbers are prepared. It’s a good idea to supply worksheets for the biggest value codes.

Cashflow Report – A single page month by month summary of your plan, showing the expected peak working capital requirement after interest and after GST.

Variance Report – Comparing the forecast with last year.

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *