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<blockquote data-quote="Terrell" data-source="post: 637087" data-attributes="member: 8533"><p>Most cattle software programs, including our CattleMax, only maintain income and expense logs. The primary benefit of keeping this information in a herd management program is that it can be linked to specific cattle or people. </p><p></p><p>Basic income and expense logging works fine for producers who just need to keep the information for tax records. However, for producers who are business-oriented and plan to perform financial analysis, the data must be exported to a real accounting software like QuickBooks. I always try to encourage producers to perform the financial analysis since the already went to the time and trouble of collecting the data, but some do not necessarily want the lights turned on <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> </p><p></p><p>There was a good discussion on accounting software last fall here on Cattle Today at <a href="http://www.cattletoday.com/forum/viewtopic.php?f=8&t=51119" target="_blank">http://www.cattletoday.com/forum/viewtopic.php?f=8&t=51119</a> that may be helpful.</p></blockquote><p></p>
[QUOTE="Terrell, post: 637087, member: 8533"] Most cattle software programs, including our CattleMax, only maintain income and expense logs. The primary benefit of keeping this information in a herd management program is that it can be linked to specific cattle or people. Basic income and expense logging works fine for producers who just need to keep the information for tax records. However, for producers who are business-oriented and plan to perform financial analysis, the data must be exported to a real accounting software like QuickBooks. I always try to encourage producers to perform the financial analysis since the already went to the time and trouble of collecting the data, but some do not necessarily want the lights turned on :D There was a good discussion on accounting software last fall here on Cattle Today at [url=http://www.cattletoday.com/forum/viewtopic.php?f=8&t=51119]http://www.cattletoday.com/forum/viewtopic.php?f=8&t=51119[/url] that may be helpful. [/QUOTE]
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