Farm Management Software Blog | accrual accounting

"Becoming a farm CEO," an interview with Dick Wittman

Posted by Norman Brown on Sat, Feb 02, 2019 @ 05:47 PM

"What is the value of this kind of information if I can get it delivered to me in a more integrated fashion?"

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Topics: farm management accounting, accrual accounting, Dick Wittman, farm financial standards council, TEPAP, farm enterprise analysis, QuickBooks for agriculture, farm financial software

Farm Industry News Identifies Ag Accounting Trend

Posted by Norman Brown on Wed, Apr 26, 2017 @ 11:35 AM

"If you’re struggling with a main street accounting program today, it might be time to reach out to a higher-level, farm-focused program for your business." So says Editor Willie Vogt in the April 2017 Farm Industry News cover story, "Raising Your Accounting Game."

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Topics: farm management accounting, accrual accounting, farm financial reporting, ag software, farm accounting, integrated production and financial software, Quick Books

Objections to Growth Path Farm Accounting

Posted by Norman Brown on Tue, Mar 10, 2015 @ 08:30 AM

A previous installmentof Growth Path Accounting covered the Step Two question, "What are your information goals?" Before we go into an in-depth comparison of the methods, we're pausing to answer potential objections to this "GPS" accounting implementation strategy.

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Topics: farm management accounting, farm financial statements, accrual accounting, farm financial reporting, enterprise analysis, agricultural inventories, cash or accrual, cost analysis

Accounting Method B: "Farmer's Shortcut"

Posted by Norman Brown on Fri, Jan 30, 2015 @ 03:43 PM

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Topics: accrual accounting, ag software, farm accounting, enterprise analysis, growth path accounting, agricultural inventories, cash or accrual, cost analysis, integrated production and financial software

Farm Accounting Method ABC: "Mountaintop Managerial Experience"

Posted by Norman Brown on Mon, Jan 05, 2015 @ 01:34 PM

In prior installments in this series, we covered the two key questions in the Growth Path Accounting Decision Tree. This month we continue tracing the accounting results from these decisions.

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Topics: cost accounting, accrual accounting, agricultural managerial accounting, ag software, farm accounting, enterprise analysis, Farm Financial Standards, agricultural inventories, cost analysis, integrated farm software, integrated production and financial software

Growth Path Farm Accounting Method A

Posted by Norman Brown on Thu, Nov 06, 2014 @ 03:00 PM

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Topics: managerial accounting, farm management accounting, accrual accounting, farm financial reporting, farm inventories, ag software, agricultural software, farm accounting, agricultural inventories, cash or accrual, cost analysis, farm accountant

Growth Path Farm Accounting Method C

Posted by Norman Brown on Thu, Sep 25, 2014 @ 04:09 PM

In prior installments in this series, we covered the two key questions in the Growth Path Accounting Decision Tree. This month we begin tracing the accounting results from these decisions.

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Topics: farm financial statements, accrual accounting, farm financial reporting, farm inventories, agricultural software, enterprise analysis, agricultural inventories, cash or accrual, cost analysis, farm accountant

Growth Path Farm Accounting Information Goals

Posted by Norman Brown on Thu, Apr 24, 2014 @ 02:04 PM

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Topics: farm management accounting, cost accounting, farm financial statements, accrual accounting, farm financial reporting, agricultural managerial accounting, farm accounting, agricultural inventories, cost analysis, inventory valuation

Growth Path Farm Accounting III

Posted by Norman Brown on Fri, Mar 28, 2014 @ 03:08 PM

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Topics: farm financial statements, accrual accounting, farm software, farm accounting, growth path accounting, Farm Financial Standards, agricultural inventories

Prescription Farming for Your Financial Records II

Posted by Norman Brown on Tue, Feb 25, 2014 @ 10:42 AM

Last month we reprised a series that was first published over 20 years ago documenting a proven process used by a generation of FBS users. While technology has advanced in quantum leaps, the growing complexity of farming operations requires the same core decision-making processes to select, implement and grow an accounting system.

The Assumptions Behind Growth Path Accounting

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Topics: farm management accounting, accrual accounting, ag software, agricultural software, farm accounting, growth path accounting