Blog

Jun 13

Farm Accounting with Xero

Posted by Kirsten Hawke at Friday, June 13, 2014




0:01
the business affirming just got smarter
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with Xero working hand in hand with the good on farm
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for accurate livestock reporting budgeting and accounting in the clap
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accountants and farmers used to spin hundreds of hours
0:14
gathering basic information about livestock numbers and cash transactions
0:18
and still end up with completely different results now
0:23
accountants farmers and banks are able to work together
0:26
from the same sitive done online so they can understand the firm's financial
0:31
stock in equity position in real time
0:34
it anytime the FAMAS in their advisers can work on the stock reconciliation
0:40
insuring the numbers are always accurate so you can make informed business
0:44
decisions
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any purchases or sales update your stock quantities and figured
0:49
in the invoice kits in 30 and Mitch to the payment when it occurs and the bank
0:54
account
0:55
bank transactions Andrew supply recounts
0:58
flown to 0-2 medically making it easy to keep the financials accurate and
1:03
up-to-date
1:04
so it only takes a few clicks to compere actuals from zero
1:07
with the budgets and forecasts and forget as the year progresses
1:12
and things change you can re forecast accordingly
1:15
so you always have a clear view of the cash impact on
1:18
everything you plan to do with the forecast profit report
1:23
trick progress towards the targeted profit as the year progresses
1:26
instead of receiving projections months after the information is already out of
1:31
date
1:31
with zero inflicted farmers and their advisers can focus on ending value
1:37
in profitability found rather than worrying about the accounts