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COMPUTER AIDED FARM RECORDS AND THEIR BENEFITS
CONTENT- Computer Aided Farm Records and their Benefits
- Types of Computer Aided Farm Records
- Determining the Ideal Computer Aided Record Program for Farm Business
- Benefits of Computer Aided Records
- Disadvantages of Computer Aided Records
Computer Aided Farm Records and their Benefits
These are computer software programs that can record basic income and expense data for farmers, with quick summary and ability to prepare variety of financial reports. In a farm business, some basic reports are needed. The key ones are:- Transaction journal
- Depreciation schedule
- Employee reports (pay checks, withholdings, payment of employee tax, etc.)
- Information returns
- Balance sheet
- Income statement.
Types of Computer Aided Farm Records
Farmers who need accurate, complete financial statements and analysis should consider using some form of computer record system such as:You are viewing an excerpt of this lesson. Subscribing to the subject will give you access to the following:
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