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

2. WHY KEEP RECORDS?
TAXES
MAKE BUSINESS DECISIONS

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

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

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

6. 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