AGRIBUSINESS MANAGEMENT

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AGRIBUSINESS MANAGEMENT Record Keeping Original PowerPoint Created by Robert Mailand Modified by Georgia Agricultural Education Curriculum Office June, 2002 Your Education Source 2015

WHY KEEP RECORDS? TAXES MAKE BUSINESS DECISIONS

KINDS OF BUSINESS RECORDS CASH SYSTEM ACCRUAL SYSTEM SINGLE ENTRY DOUBLE ENTRY ENTERPRISE

RECORDS ALLOW YOU TO BUDGET INCOME TALK TO LENDERS PLAN FOR THE FUTURE MAKE DECISIONS

WHAT RECORDS DO WE NEED TO MAKE DECISIONS? INVENTORIES ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE INCOME JOURNAL EXPENSE JOURNAL

BOTTOM LINE……WHAT GOOD RECORDS ALLOW: PROFIT\LOSS STATEMENT BALANCE SHEET (NETWORTH) CASH FLOW STATEMENT CHECK BOOK RECONCILIATION STATE & AMERICAN FFA DEGREES FFA PROFICIENCY APPLICATIONS