Farm Funds
Farm Funds is a complete farm cost management package, fully integrated with Farm Trac
, Farm Site and Farm Stock that maintains your books on both the accrual and cash basis. This allows you to know exactly how profitable each enterprise really is on your farm, while still maintaining the records you need for tax purposes.
- Double entry farm accounting for both cash and accrual sets of books.
- Integrates with the Farm Trac paddock mapping system to keep accounting records at the same time as keeping paddock histories, herd notations, and chemical records.
- Inventories are kept up-to-date, based on purchases and usage. Thus, you are able to print a listing at any time and know the exact amount of inventory you have on hand.
- Profitability of each paddock or herd of animals is calculated. Keeps track of all the expenses that go into each paddock or herd so that you know exactly which ones are making money, and why.
- Detailed records of costs associated with each piece of equipment are kept.
- Easy-to-read reports are provided with valuable detailed information on each paddock, herd, or piece of equipment, as well as the financial statements that your lender may want to see on a regular basis.
- Predefined accounts and financial statement formats are available that can easily be modified to customize your chart of accounts and financial statements.
- Easy-to-follow online help screens are available that can be accessed anytime you have a question.
- No monthly closings are required and year-end close has never been easier. Reports can be run at any time for any prior periods.
- Generate detailed market value balance sheets.
- Keep track of all of your personal/family living costs separate from farm costs.
- Budget area allows preparation of budgeted cash flows with easy-to-read reports.
- Record animal weights and feedings to get feed conversion and cost per pound gained for each group of livestock.
- Full cheque-recording system. Includes an interactive cheque register, the ability to print computer cheques, and an easy to use chequebook reconciliation area.
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