Default Font Size Increase Font Size Increase Font Size
Home > Master Publication List > Western Sustainable Agriculture Research & Education (SARE) Farm Internship Curriculum and Handbook > Financial Records

Western Sustainable Agriculture Research & Education
(SARE) Farm Internship Curriculum and Handbook


Tom and Maud Powell and Michael Moss, Sustainable Farmers, Jackson County, OR.
Technical advisor: Tim Franklin, Jacksonville, OR.
Curriculum advisor: Peter O'Connell, Jacksonville, OR.
Web advisor: National Center for Appropriate Technology, Butte, MT.

Published 2007
ATTRA Publication n/a
PDF IconA printable PDF version of this entire document is available at:
http://attra.ncat.org/intern_handbook/pdf/financial.pdf
2 pages — 52KB
Download Acrobat Reader

Financial Records

Learning Objectives
The learner will...

  • ...examine various purposes of maintaining financial records.
  • ...review typical income categories and expense categories essential to proper record keeping.

 

Purpose of Maintaining Financial Records

  • Taxes
  • Tracking the farm's financial progress
  • A tool for future planning

 

Tools


  • Receipts - for all purchased inputs, tools, seeds, etc
  • Ledger - to track expenses and income, derive profit or loss

 

Income Categories


  • Sale of produce, grain, seed crops, livestock, etc.
  • Sale of plants or nursery stock
  • Cooperative distributions
  • Custom hire and consultation
  • Misc. payments

 

Expense Categories

  • Vehicle - acquisition, maintenance and repair
  • Equipment - acquisition, maintenance, and repair
  • Custom hire
  • Depreciation on equipment, buildings, fencing, implements, vehicles
  • Feed
  • Inputs
  • Fuel
  • Insurance - vehicles, buildings, crops, liability
  • Seeds
  • Plants and nursery stock
  • Supplies
  • Labor
  • Utilities
  • Rental/lease
  • Mortgage
  • Interest on loans
  • Marketing

 

«« Back to Intern Curriculum

 

Back to top

This page was last updated on: June 23, 2010