ARTICLE · 23 NOVEMBER 2017

How Good Records Benefit Your Farm

Collins Barrow National Incorporated

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Even if you run a successful farm business, there is probably room for improvement in your record-keeping. Good records provide a snapshot of your operation and a more precise sense ...

CanadaStrategy

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Even if you run a successful farm business, there is probably room for improvement in your record-keeping. Good records provide a snapshot of your operation and a more precise sense of where your business is throughout the year.

If you are in a situation where you can't find the numbers or information you are looking for concerning your business, there is a good chance your farm records are inadequate. If a bank asks to see a six-month financial statement and you can't quickly generate one, you need to take measures to improve your farm records. Simply collecting receipts in a box is not enough. With that in mind, here are four suggestions to help you improve your farm records and reap the rewards of this improvement.

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