Red Wing’s Perception Accounting Now Exports Data to FINPACK
Red Wing’s Perception Accounting Now Exports Data to FINPACKâ
Red Wing, MN – July 1, 2002 – Red Wing Business Systems, Inc. announces Perception Accounting can now export data to the University of Minnesota’s FINPACK analysis program. FINPACK is a farm planning and analysis system that enhances the producer’s ability to evaluate their financial situation.
Perception Accounting is a farm accounting and financial management program for producers and consultants. FINPACK extends the capabilities of Perception Accounting by adding the ability to project future financial parameters based on a producer’s past and current financial position. Business decisions can be analyzed in detail using real data already stored in Perception. The interface between the two programs allows producers to evaluate risk versus reward, cash flows, and future net worth projections when considering changes in their current business plan.
Ken Hilton, President of Red Wing Business Systems, says; “We’ve been asked by several of our clients for the ability to share Perception’s historical financial records with FINPACK. Our AgCHEK Accounting program has had this option for a couple years. Adding the FINPACK export to Perception is another step toward our goal of developing a next generation financial management program that combines the features of both of our powerful accounting systems.”
Red Wing customers and Perception Accounting users Levi & Norma Huffman comment; “We use Perception for accounting, payroll and most analyses. We use FINPACK for what- ifs when we want to grow a new crop, buy new equipment, add more acres, or any other new business venture. We use it to tell us how the new venture would affect our present business, if it would be a plus or minus financially.”
For a limited time, Red Wing Business Systems is including the FINPACK Export Utility as part of the Perception Accounting program at no additional charge.
For further information on Perception Accounting, contact Red Wing Business Systems, Inc., 491 Highway 19, Red Wing, MN 55066, call 1-800-732-9464, or visit www.redwingsoftware.com. For further information on FINPACK, contact the University of Minnesota at 800-234-1111 or visit: www.cffm.umn.edu/software/FINPACK.