Economics Research Institute Study Paper
Utah State University Department of Economics
Copyright for this work is held by the author. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user. For more information contact the Institutional Repository Librarian at firstname.lastname@example.org.
The purpose of this document is to demonstrate how Quicken, a popular checkbook management software program, can be used to keep a set of records for the farm business that will measure profits, liquidity, and solvency. This is a revision of ERI 95-02, with more detailed explanations. All graphics have been eliminated and fonts have been changed so this document can be printed on most printers. It is based on an example farm used in the Business Management in Agriculture (BMA) series of videos and workbooks developed in the late 1980s, and draws on materials prepared by Dr. Ken Stokes of Texas A&:M University. It will best be understood if used as a study guide, and that entries actually be made in Quicken as they are encountered in the guide, and following the instructions given in Appendix A. By the time you complete this exercise, you will have a much better idea how to keep records on your farm, and how useful the reports will be lin managing your farm or ranch operation.
Bond, Larry K., "Quicken as a Farm Accounting System: A Lesson Plan on Cash Basis Recordkeeping With Accrual-Adjusted Financial Statements" (1996). Economic Research Institute Study Papers. Paper 81.