Disciplined Risk Management Not Just Useful, But Essential – By Blake Copley
Strong farms will proactively assess risk and take action to protect their business. In my daily interactions, I make a point of engaging with those around me to understand what is top of mind — the challenges they face, the decisions they are weighing and the...
Top 5 Bookkeeping Mistakes Farmers Should Avoid for Better Financial Management – By Wade McLaughlin
For farmers, keeping accurate and timely financial records is essential for the smooth operation and growth of your business. Proper bookkeeping ensures that you can make informed decisions, maintain a healthy cash flow, and stay on top of your farm’s financial...
Why Understanding Inventory Adjustments is Crucial for Farmers – By Wade McLaughlin
What does “inventory adjustments” or “change in inventory” mean? This term reflects how your farm’s books are converted to the accrual accounting method. For many farm businesses, accrual accounting can seem complicated, but it’s crucial for getting an accurate...
Why Cloud-Based Accounting Software? Top 5 Reasons to Make the Switch
At Backswath, we understand the importance of staying on top of your finances while managing a busy business. Cloud-based accounting software can transform the way you handle your financial data by providing convenience, security, and collaboration. Here are the...
A Guide to Creating a Farm Advisory Board – By Terry Betker
Strengthen your farm's decision-making and drive growth with the support of a Farm Business Advisory Board. Our comprehensive guide outlines how to establish and run an effective board, leveraging diverse expertise to tackle challenges and seize opportunities. Take...
