Monitor miscellaneous loans and assets, such as fuel on hand. Forecast the value of the asset or liability at the beginning and the end of your fiscal year.
The sundry worksheet allows you to enter any on, or off-farm, assets and liabilities that you wish to include in your Statement of Position that do not fit into any other A&L worksheets.
Where a debt is held for a sundry asset and the loan repayment comes from an account included in this budget, as a suggestion, instead of entering the liability in this worksheet, enter it into one of the loan worksheets (i.e. Term Loans). This allows you to record the liability, interest and capital repayments due.
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1. Item |
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Type the name of the asset or liability |
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2. Remark |
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Optional, type a note identifying the Item |
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3. Opening Asset $ |
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If this is an asset, type the dollar value of the item at the beginning of the year |
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4. Opening Liability $ |
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If this is a liability, type the dollar value of the money owed |
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5. Closing Asset $ |
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If this is an asset, type the expected dollar value of the item at the end of the year |
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6. Closing Liability $ |
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If this is a liability, type the expected dollar value of the loan at the end of the year |
After all data is entered, click on the green tick to save the Worksheets
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