’Tis the season to toil over financial statements. For nearly every business, the end of the year signals not just end of Q4 reporting but also end of year reporting. For farms and ranches, financial reporting can be complicated. Converting cash-basis accounting records to “adjusted accrual” financial statements and preparing financial reports based on a hybrid model can be complex, but it doesn’t have to be. Still, understanding the options and challenges is essential for anyone undertaking farm financial reporting tasks.