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CNY | You can track like what you are wanting to do, it’s just bookwork.
Enterprise accounting, the feedlot is one enterprise, row crop another. Still can run everything through one checkbook. Just have to track what is spent where.
I enjoy this kind of thing. I track our small beef business separately from my row crop. I track each crop totally separately as it’s own enterprise, corn, beans, wheat, hay.
Helps to be able to compare things against each other, and importantly to me against itself year over year. Row crop you should be able to nail your costs within 99%. Yeah you buy inputs for next year now but you have the receipts so whenever you sell next years grain you know what the inputs were right?
You have to make some assumptions otherwise you’ll drive yourself nuts. I assign a percentage of fuel, repairs, insurance etc to each crop and the cattle each year. Perfect? No, but pretty close. For feed I look at what I have in inventory every 6 months, figure out what I could sell it for and bill that to the cattle operation over the next 6 months.
I’m certainly not a counselor or therapist but you need to figure this out with your husband. If he really wants to quit his day job he needs to treat the farm like a business. Bookwork is not fun or glamorous like fancy shops and tractors but it’s pretty important. If he doesn’t want to do it that’s fine but you need a system to organize your expenses and receipts so you can track them. I don’t have Quickbooks or anything, just a bunch of spreadsheets I have built and fine tuned on Excel. I am an early riser, usually 4 or 4:30 I do my bookwork in the morning when I wake up. Now that everything is set up it really doesn’t take that long, usually a couple mornings 45 minutes each.
Good luck! | |
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Farm wife talking. Please help me understand
