Recordkeeping
ARTICLES
Make the most of your time by ensuring your systems and processes are geared up and ready for the busy months with the following five tips.
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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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The importance of calving records
Recordkeeping is extremely important during calving season. These records will be used to evaluate not only the calves, but the cows and your herd as a whole, allowing you to make production and management decisions.
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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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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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Which version of QuickBooks works best for cattle operations?
QuickBooks has added an online platform in addition to its traditional desktop version. Producers considering the online version will want to look at pricing comparisons, internet connection, usability and more.
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What data is required for herd management decisions?
When data collection is a priority on the ranch, producers are better able to implement the most profitable practices.
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Using QuickBooks classes to track livestock enterprises
Learning to use the QuickBooks class tracking feature provides producers with a meaningful view of what entities are the most profitable and which ones need improvement.
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Farming out the financials
When a farm or ranch grows, it can be difficult to keep up with the financial management areas of the business. In such cases, it may be wise to outsource at least some of the financial and accounting tasks.
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