{"id":1023,"date":"2020-01-31T21:44:28","date_gmt":"2020-01-31T21:44:28","guid":{"rendered":"http:\/\/extension.wsu.edu\/regionalsmallfarms\/?page_id=1023"},"modified":"2025-03-03T09:08:26","modified_gmt":"2025-03-03T17:08:26","slug":"farm-accounting","status":"publish","type":"page","link":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/agriculture\/business-of-farming\/farm-accounting\/","title":{"rendered":"Farm Accounting"},"content":{"rendered":"<div class=\"wsu-hero wsu-width--full wsu-pattern--wsu-light-radial-left  wsu-hero--size-small \">\n\t\n\t<div class=\"wsu-image-frame wsu-image-frame--fill\">\n\t<img decoding=\"async\" src=\"https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png\"\n\t\tsrcset=\"https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png 1920w, https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png 300w, https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png 1024w, https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png 768w, https:\/\/wpcdn.web.wsu.edu\/extension\/uploads\/sites\/55\/Business-of-Farming_header1.png 1536w\"\n\t\tsizes=\"(max-width: 1920px) 100vw, 1920px\"\n\t\talt=\"plants coming out of coins\"\n\t\tstyle=\"object-position: 50% 50%\"\n\t\t\/>\n<\/div>\n\n\t<div class=\"wsu-overlay wsu-pattern-after wsu-overlay--dark-left wsu-pattern--wsu-light-radial-left\"><\/div>\n\t<div class=\"wsu-hero__content\">\n\t\t<div class=\"wsu-hero__caption\">\n\t\t\t\t\t\t\t\t\t<h1 id=\"title-id-69d1006f25849\" class=\"wsu-title wsu-hero__title\"><span>Farm Accounting<\/span><\/h1>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div>\n\n\n<div class=\"breadcrumbs \" typeof=\"BreadcrumbList\" vocab=\"https:\/\/schema.org\/\"><span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to WSU Extension.\" href=\"https:\/\/extension.wsu.edu\/\" class=\"main-home\" ><span property=\"name\">WSU Extension<\/span><\/a><meta property=\"position\" content=\"1\"><\/span> &gt; <span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to Regional Small Farms.\" href=\"https:\/\/extension.wsu.edu\/regionalsmallfarms\" class=\"home\" ><span property=\"name\">Regional Small Farms<\/span><\/a><meta property=\"position\" content=\"2\"><\/span> &gt; <span property=\"itemListElement\" typeof=\"ListItem\"><a property=\"item\" typeof=\"WebPage\" title=\"Go to News.\" href=\"https:\/\/extension.wsu.edu\/regionalsmallfarms\/news\/\" class=\"post-root post post-post\" aria-current=\"page\"><span property=\"name\">News<\/span><\/a><meta property=\"position\" content=\"3\"><\/span><\/div>\n\n<div class=\"wsu-row wsu-row--sidebar-right\" >\r\n    \n<div class=\"wsu-column\"  style=\"\">\r\n\t\n\n<p>Farm business accounting presents the opportunity to measure the effectiveness of your efforts, assist you in determining which ventures are most profitable for your business, and help you accurately track and anticipate expenses.<\/p>\n\n\n\n<p>Click on the resources linked for full information on farm accounting and accounting resources. Not seeing what you are looking for? Contact your local <a href=\"https:\/\/extension.wsu.edu\/regionalsmallfarms\/small-farms-team\/\">Small Farms Extension Agent<\/a> for assistance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Resources:<\/h2>\n\n\n\n<p><a href=\"https:\/\/attra.ncat.org\/publication\/basic-accounting\/\">Basic Accounting for Beginning Farmers <\/a>\u2013 published by the National Center for Appropriate Technology (NCAT). The purpose of this publication is to make basic accounting approachable for people with little or no accounting experience and encourage new farmers to develop good record keeping habits at the outset.<\/p>\n\n\n\n<p><a href=\"https:\/\/agwestfc.com\/education-and-resources\/financial-tools\/preparing-financial-statements\/preparing-agricultural-financial-statements\">Preparing Agricultural Financial Documents <\/a>\u2013 by Agwest Farm Credit, An overview of financial statements and how they can help your business succeed. <\/p>\n\n<\/div>\r\n\n\n<div class=\"wsu-column\"  style=\"\">\r\n\t\n\n<h3 class=\"wp-block-heading\">AgWest Farm Credit Resources<\/h3>\n\n\n\n<p>Check out <a href=\"https:\/\/agwestfc.com\/education-and-resources\/financial-tools\/preparing-financial-statements\">AgWest&#8217;s financial resources<\/a> on preparing financial statements including:<\/p>\n\n\n\n<ul>\n<li>Balance Sheet Basics<\/li>\n\n\n\n<li>Cash Flow Budget Basics<\/li>\n\n\n\n<li>Income Statement Basics<\/li>\n\n\n\n<li>Preparing Agricultural Financial Statements<\/li>\n<\/ul>\n\n<\/div>\r\n\n<\/div>\n\n<div class=\"wsu-row wsu-row--single\" >\r\n    \n<div class=\"wsu-column\"  style=\"\">\r\n\t\n\n<p><em>Information found on this page is for general educational purposes only and is not intended to take the place of professional advice from lawyers and Certified Public Accountants.<\/em><\/p>\n\n<\/div>\r\n\n<\/div>\n        <div id=\"cahnrs-back-to-top\" class=\"cahnrs-back-to-top\" hidden aria-hidden=\"true\">\n            <a id=\"cahnrs-back-to-top-btn\" class=\"cahnrs-back-to-top__btn\" href=\"#product-top\" aria-label=\"Back to top\">\n                <span class=\"cahnrs-back-to-top__icon\" aria-hidden=\"true\">\u2191<\/span>\n                <span class=\"cahnrs-back-to-top__label\">Back to top<\/span>\n            <\/a>\n        <\/div>","protected":false},"excerpt":{"rendered":"<p>Farm business accounting presents the opportunity to measure the effectiveness of your efforts, assist you in determining which ventures are most profitable for your business, and help you accurately track and anticipate expenses. Click on&amp;hellip;<\/p>\n","protected":false},"author":0,"featured_media":738,"parent":73,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_expiration_date":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/pages\/1023"}],"collection":[{"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/types\/page"}],"replies":[{"embeddable":true,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/comments?post=1023"}],"version-history":[{"count":10,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/pages\/1023\/revisions"}],"predecessor-version":[{"id":3298,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/pages\/1023\/revisions\/3298"}],"up":[{"embeddable":true,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/pages\/73"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/media\/738"}],"wp:attachment":[{"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/media?parent=1023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/categories?post=1023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/extension.wsu.edu\/regionalsmallfarms\/wp-json\/wp\/v2\/tags?post=1023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}