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AG. BUSINESS MGNT

AG. BUSINESS MGNT. Recordkeeping. WHY KEEP RECORDS?. A. TAXES B. MAKE BUSINESS DECISIONS. KINDS OF BUSINESS RECORDS. CASH SYSTEM ACCRUAL SYSTEM SINGLE ENTRY DOUBLE ENTRY ENTERPRISE. RECORDS ALLOW YOU TO. A. ALLOW YOU TO BUDGET SWAG OF INCOME B. TALK TO LENDERS C. PLAN FOR THE FUTHURE

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AG. BUSINESS MGNT

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  1. AG. BUSINESS MGNT Recordkeeping

  2. WHY KEEP RECORDS? • A. TAXES • B. MAKE BUSINESS DECISIONS

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

  4. RECORDS ALLOW YOU TO • A. ALLOW YOU TO BUDGET SWAG OF INCOME • B. TALK TO LENDERS • C. PLAN FOR THE FUTHURE • D. MAKE SHORT RUN DECISIONS

  5. WHAT ARE THE PARTS OF OUR RECORDS PROBLEMS • INVENTORIES • ACCOUNTS PAYABLE • ACCOUNTS RECEIVABLE • INCOME JOURNAL • EXPENSE JOURNAL

  6. WHAT ARE THE PARTS OF OUR RECORDS PROBLEM • PROFIT\LOSS STATEMENT • BALANCE SHEET • NETWORTH • CHECK BOOK RECONCILIATION

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