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Texas Panhandle | It's too much work for me to categorize input expenses to each field. So I categorize bills as I pay them... Fertilizer, chemicals, equipment repair, tools and so on. I use quicken and as someone else said you can use class to assign it to a field, but anymore I get statements a month after the application and it can be a headache to try and split up chemicals properly... I do usually take a snapshot of the invoice if needed and attach it to the transaction.
Then I use Farmlogs to track each activity in the field with proper amounts of seed, fertilizer, chemical, etc. This is easy because you can do it in the field and it's on your desktop when you get home. One thing I like to do is put the cost per acre in the notes (such as on a fertilize activity) if I know what it is.
Its not too hard to go back at the end of the year and look up the expenses for each field and figure net income this way. | |
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