Webinar Series – Best Practices in Farm Financial Management

In this session we’ll explore some best practices for farm financial management. Good financial management is key to the success of any business, and farming is no exception!

We’ll cover the types of financial records you should be keeping on the farm, how to collect and record the right information, and how to use this information to make decisions. Good financial record keeping is not only important for guiding farm operations, but is also often required in dealings with institutions such as the CRA, lenders, insurance companies, and WorkSafe BC. We’ll break down the difference between bookkeeping and accounting, and how to decide if you should hire a bookkeeper.

For this session, we’ll again be joined again by Chris Bodnar.

Please watch the video below and register for the associated live Q&A on the BMN Overview lesson.

VIDEO

RESOURCES

Document – Small Farm Chart of Accounts Explained (Beginning Farmer and Rancher)

Bookkeeping Software
Website – Quickbooks
Website – Freshbooks
Website – Sage
Website – Wave