COMPUTER AIDED FARM RECORDS AND THEIR BENEFITS
These are computer software programs that can record basic income and expense data for farmers, with quick summary and ability to prepare variety of financial reports. In a farm business, some basic reports are needed. The key ones are:
- Transaction journal
- Depreciation schedule
- Employee reports (pay checks, withholdings, payment of employee tax, etc.)
- Information returns
- Balance sheet
- Income statement.
Types of Computer Aided Farm Records
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