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Crop Production Recordkeeping System A management system which includes crop records increases returns by improving nutrient and pesticide-use efficiency. This Field File provides an organized place for storing information on each crop-producing field.
Paper Records Small farms and many businesses just starting out use the shoebox, or folder, method of accounting. Keep all sales receipts in one folder, expense receipts in another, maintain a capital asset depreciation log, and you may have additional folders for farm yield or other data important to the year.
There are three basic types of farm records: (1) resource inventories, (2) production accounts of livestock and crop operations, and (3) income and expense records.
Book-keeping is the systematic recording of financial transactions on a daily basis in the appropriate books, for easy determination of profits and losses in agricultural business. Simply, book-keeping refers to the keeping of account of financial activity of an enterprise.
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