Turn Notebook Receipts Into Clean Farm Books
Stop letting invoices and bank statements pile up. Learn a practical way to capture farm expenses with photos and keep your books current all season.
Stop letting invoices and bank statements pile up. Learn a practical way to capture farm expenses with photos and keep your books current all season.
There's receipts in the tractor and invoices in the truck, a bank statement in the shop that's been baptized in the muck. Come every tax time, I go huntin' through the mess, like a dog that buried something... but forgot the whole address.
Most farms deal with a familiar affliction: receipts in the cab, invoices on the kitchen counter, and bank statements that only get reviewed when tax time or a loan application forces the issue.
Two entries cause more ratio damage than anything else on a farm balance sheet: fall prepays and grain in the bin. Here's the fix.
Read →A loan officer spends about four minutes on your balance sheet. Here's exactly what they're looking at in those four minutes.
Read →Most farm bookkeeping problems start with a chart of accounts built for a hardware store. Here's one built for grain.
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