One thing that the FBS team has seen a lot of over the years is how our users have grown in scale and sophistication over time. To keep up with this complexity, many farmers consider “in-sourcing” their farm’s financial management by hiring a chief financial officer (CFO) or a controller.
Topics: agricultural managerial accounting, farm software, ag software, agricultural software, farm accountant, FBS Systems, Farm CFO, Farm Margin Management
Margin analysis, or marginal analysis, is the practice of examining the cost of a good or service versus the potential benefit of that good or service. Even if you hadn’t heard of the term before, odds are you’ve made this comparison for yourself countless times as a farm owner or operator. However, there’s a danger to basing margin analyses on general assumptions—which is why it’s important to utilize activity-based costing.
Topics: farm management accounting, cost accounting, agricultural managerial accounting, Cost center allocation, activity-based costing, farm accountant, FBS Systems
When most people think of farming, “management information system” typically isn’t their first, or even second, thought. However, software has become an integral part of effective farm operations management. It can help with everything from accounting to feed scheduling, inventory management, load optimization, and beyond.
Topics: ag software, FBS Systems
The PC industry has been in a funk this fall, not just from competition with tablets but also from waiting for the arrival of Windows 8. Now that Win8's the default operating system at "big box" stores and Windows 7 is getting harder to find on shelves which is your best option--especially if your goal is business applications rather than social networking?
Topics: farm financial reporting, farm records, farm software, ag software, business processes, agricultural software, farm accounting, FBS Systems, Windows 8, tablet computers
There are few things more important in accounting than accuracy, especially when managing your farm and making strategic decisions relies upon those...
Get excited for this year’s BOOST/23 Agriculture Software Success Summit with FBS Systems! This November, join us for an exclusive event that...
Farm data can be invaluable for helping farmers improve their operations for greater productivity and profitability. Data from your fields or profit...
For modern farmers, agriculture technology has become an integral part of business. However, when most people think of “ag tech,” farm accounting...
One thing that the FBS team has seen a lot of over the years is how our users have grown in scale and sophistication over time. To keep up with this...
Margin analysis, or marginal analysis, is the practice of examining the cost of a good or service versus the potential benefit of that good or...
Finding ways to improve the profitability of your farm is crucial for your long-term success. Farm management software can play an enormous role in...
The idiom “lean and mean” often refers to someone getting in shape and preparing for a challenge. It’s not too far off, honestly, when we refer to...
Farm enterprise analysis, or the practice of analyzing your cost centers, profit centers, and assets in your various farming operations to identify...
When analyzing your farm’s financial reporting system, what level of reporting does your farm use? Are you on a cash basis, an accrual/management...
In any farming enterprise, managing cost centers to minimize expenses while maximizing outputs is critical. However, livestock management can be...
Farming is a business. And, like with any business, there’s always an element of risk. Effectively managing farming risks is an important part of...
When most people think of farming, “management information system” typically isn’t their first, or even second, thought. However, software has become...
When approaching a loan officer for a farm loan, that loan officer may want the farmer to provide a metric ton (figuratively speaking) of paperwork...
