Tracking the value of your animals over time is likely important for your business. The value of your animals contributes to your overall business health, and likely gets reflected on a balance sheet when tracking assets. Their value might increase or decrease over time based on many different factors. In Farmbrite, you can update your animals to track their estimated values when they change, and add records from past values if you'd like to chart the changes over time.
This value can be added on any individual animal, or on a Set group. To start, navigate to the record that you'd like to add the value for. If you are creating a brand new record, or have never added an estimated value to the one you are working with, you'll need to first edit the record and add to the field for Estimated Value. The value you add here will be the animal's current estimated value as of today. After adding your first value, you'll see it reflected on the animals main record summary.
You will also see a new button added next to it for History. You can use this button to add new records in the future, or back date them to record previous values from the past. You'll also see a chart of values over time displayed on the history page.
In the example below, we have created a back dated record for earlier this year. Note that we did not check the box to "Update Current Estimated Value" for that record, as it is from the past and not the actual current value. In our second record for April 5th, we do check that box, as it is the most current and up to date value and should be reflected on the main animal summary page.
We're working on adding reports for these records in the future, so remember to checkout our What's New articles and Videos to learn more about that in the future!