Accounting Basics

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What is Enterprise Analysis and Why it Matters for Your Farm

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Understanding Accounting Methods: Cash vs Accrual Basis

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Intro to Journal Entries

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How to Make Farm Recordkeeping More Efficient

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Accounts Receivable (AR): Definitions, Best Practices and Examples

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Separating Business and Personal Finances: A Checklist

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How to Use a Petty Cash Record Book

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Ranch Bookkeeping 101: A Checklist

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Limited Liability Companies (LLCs): A Decision Guide for Farmers

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What Is a Bank Reconciliation, and How Does It Work?

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Five Reasons Why it Pays to Hold Onto Your Receipts

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Trial Balance: Best Practices, Definitions and Examples

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Farm Inventory Accounting 101

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Which Farm Inventory Valuation Method Should I Use?

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First-In, First-Out (FIFO): Definition, Examples and Best Practices

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Last-In, First-Out (LIFO): Definitions, Examples and Best Practices

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Weighted Average Cost (WAC): Definitions, Examples and Best Practices

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Specific Identification Method: Definitions, Examples and Best Practices

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What Is an Inventory Write-Down, and How Does It Work?

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Current Assets: Definitions, Calculations and Examples

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Cost of Goods Sold (COGS): Definition, Formulas and Examples

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What Is Fair Market Value (FMV) and How Does It Work?