Accounting

No matter what type of livestock you are managing with Farmbrite, you'll probably want to know what you're spending on expenses and how much income you're bringing back in. From sets of chickens to smart groups of goats or cows, your animals consume things that cost you money and hopefully provide income for you as well. Maybe you want to track the cost of food, but a lot goes into your animals beyond that. How about tracking your treatments, medications, and vaccinations? You might also need to track bedding supplies and enrichment items. If you sell your animals, or the yields from them, you may want to track that too. You'll want to record transactions on each side of that ledger, and have them automatically totaled to calculate that profit or loss. Farmbrite can take those ledger transactions and generate reports that specifically correlate with the IRS Schedule F Tax Form 1040 categories by default, or you can customize your own chart of accounts for the categories that work for your livestock business. You'll also find charts and graphs on your Accounting Dashboard to help you track your accounting throughout the year at a glance.

Articles

Livestock Accounting
Learn how to keep track of income, profit, and expenses for your livestock with Farmbrite's ranch operations management solution.
Selling Livestock and Generating a Bill of Sale
Learn how to generate a bill of sale when selling livestock in your Farmbrite account.