What is a financial resource plan?

A Financial Resource Plan is a summary of a client's financial data over a 2-year period. It is used to summarise the financials of a farming business to facilitate financial conversations. It can be used as a preparation for a credit application or to model the financial viability of a production change, e.g. investing in a new irrigation scheme or changing to a new crop.

 

The following financial summaries are included in a FRP:

 

  • Cash Flow

  • Income Statement

  • Balance Sheet

  • Financial ratios

 

A FRP is stored as a smart-document and is associated with a customer portfolio. The information contained within a FRP can be exported as a csv and/or a pdf report can be generated and downloaded.