Farm Management Software Blog

How Does Your Farm Do Financial Reporting?

Posted by Norman Brown on Tue, Nov 08, 2011 @ 05:24 PM

’Tis the season to toil over financial statements.  Many of you depend on programs like Finpack and AFRA (Agricultural Financial Reporting and Analysis) to convert your cash-basis accounting records to “adjusted accrual” financial statements.  Based on the Coordinated Financial Statement forms developed at the University of Illinois in the late 70s, AFRA will be celebrating its 30th birthday in 2014.

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Tags: Farm Financial Standards, AFRA, Coordinated Financial Statements for Agriculture