To watch this video full screen select the icon in the bottom right-hand corner of the video player.

 

 

Text-based instructions - Video script

- The income section. Be mindful when entering your financial information which can largely be taken from their accounting program or your profit and loss, but you need to make sure the income and expenses match the production. 

- Milk Income is very important to ensure that you include all payments received for the milk supply from the 1st of July to the 30th of June. 

- Keeping in mind that you need to make an adjustment for the payments you received in the middle of July that relates to the year before. 

- So for this farm will come through and enter the data as we go. You will note that some information will come up as I move through, the data bits previously entered. 

- If that's the case you can select on it or alternatively you can just continue to move through and enter. 

- You will note that I haven't entered information in these particular areas because for this farm there were no feed sales, water sales, or other family income. 

- With each of the costs you will notice that they align to the standard chart of accounts and the DairyBase accounts that you might have historically seen. 

- And you will see out here on the information that you can get details about what should be entered under each of the cost categories if you haven't used a tool like this before.