“A budget is telling your money where to go instead of wondering where it went”—Dave Ramsey What does a budget do for me? A budget is a farm owner’s plan of action and evaluative...
Read More >Posts about Farm Accounting
UnCommon Farms is entering its fifth decade of service to the North American farmer. Throughout this near half-century of service, the focus has been to help producers access,...
Read More >The Corporate Transparency Act (CTA) is a federal law enacted in 2021, as an effort to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and...
Read More >There are a few substantial differences between agricultural accounting and business accounting, specifically when it comes to reporting on the income statement and the balance...
Read More >What is the interest expense ratio? For the purpose of this discussion, the interest expense ratio is calculated by dividing your business’s total interest expense on all loans...
Read More >(This article was updated February 28, 2022 to include changes made to the federal depreciation rules)
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