Articles Tagged with ''financial records''
Calculating your break-even point helps farmers make informed decisions on crop selection, pricing and marketing strategies. Regularly assessing costs ensures profitability and supports long-term financial success.
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Tips for creating a monthly and annual spending plan
Separating farm and household expenses can help when creating realistic budgets for both.
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Three ratios to improve your dairy’s financial fitness
As we age, health principles like stability, cardio and strength are vital, just as key financial ratios like working capital, debt-to-equity and debt service are essential for assessing and improving the financial health of dairy operations.
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Review record-keeping methods and retention standards
Considerations and methods to develop a simple record-keeping system.
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Having ranch records ready at tax time is easier than you think
Take the hassle and stress out of gathering records for tax season by having a good record-keeping and receipt system in place that you use and update throughout the year.
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10 strategies for record-keeping success in the new year
As a new year begins, take a moment to refine your record-keeping habits. Learn about transitioning from paper records to a digital platform.
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Benchmarking: A way to optimize the profitability of your dairy farm
Benchmarking is a financial tool that aids in decision-making by helping farmers see their profits, trends and where to focus their attention to improve profitability.
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Using the QuickBooks inventory system
QuickBooks’ inventory management features are problematic for ranching due to confusing features and inaccurate automatic entries. While suitable for some cattle operations, ranchers often opt for Excel to track livestock, using QuickBooks primarily for financial reporting.
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Tools and processes for discovering your farm’s financial story
Consistent farm records, financial ratios, farm trend analysis and peer comparison are some of the tools that can help producers evaluate their financial situation.
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Asset-based valuation vs. business valuation: What’s the difference?
Reviewing tangible and intangible assets are two factors when determining an operation’s value.
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