The QuickBooks Farm Accounting Cookbook™, Volume IV
Fixed & Depreciable Assets: Machinery, Breeding Livestock, Buildings, and Land
by Mark Wilsdorf
The QuickBooks Farm Accounting Cookbook,™ Volume IV shows a simpler way to account for fixed assets in farm and ranch businesses using cash accounting. (292 pages)
Setting up Inventory Part Items in a special way allows keeping fixed asset records entirely within QuickBooks (any desktop edition—Pro, Premier, Accountant, or Enterprise), without additional software or Web-based services, and without ever needing to use Journal Entries, debits, or credits.
This unique approach lets you see the entire transaction history for any fixed asset at any time, makes it easy to update asset values for preparing market value balance sheets, and produces the reports you need for income tax preparation--lists of fixed asset purchases, sales, trade-ins, and disposals for the year, all keyed to your tax preparer's asset list.
This book also provides a broad discussion of depreciation, exploring whether cash based recordkeepers should enter depreciation expense at all, and showing how to calculate depreciation with a free spreadsheet template downloadable from the publisher's Web site.
Series: Quickbooks Cookbook™ Title:The QuickBooks Farm Accounting Cookbook™, Volume IV: Fixed & Depreciable Assets: Machinery, Breeding Livestock, Buildings, and Land ISBN: 978-0967308357 Author: Mark Wilsdorf Pages: 292 Available editions: Print, ebook. Reader for the EBook edition:Javelin, the FREE ebook reader for Microsoft Windows, Apple Mac, and Apple and Android mobile devices. Publisher: Flagship Technologies, Inc. (January, 2019) Language: English
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The name "Cookbook" comes from how books in the series present transaction examples: each is a self-contained description of what you need to know about entering a certain type of transaction, much like a recipe describes the ingredients and steps for making a cake. This format lets you find answers to your accounting questions quickly...without the need to read several chapters for background information.
The QuickBooks Farm Accounting Cookbook™ series was written specifically for farmers and ranchers. It was designed from the ground up to help with setup, learning, and effective use of QuickBooks in a farm business. And as a QuickBooks reference, the Cookbook series provides quick answers to farm accounting questions, with a minimum amount of reading.
The Cookbook series also appeals to other audiences. Accountants working with farmers and ranchers who use QuickBooks find the series a valuable reference for helping their clients with QuickBooks setup and operation. The same is true of other professionals such as Extension agents and agricultural lenders.
Teachers in vocational agriculture and community education programs find the Cookbook series useful in the classroom as a source of examples and ideas. Some QuickBooks trainers are even using it as a student text in QuickBooks-based farm accounting classes.
Volume IV of The QuickBooks Farm Accounting Cookbook™ series is meant for QuickBooks users who have at least been introduced to the basics of setting up and using QuickBooks in agriculture. (If you are just getting started with QuickBooks, Volume I is the best place to start.)
Intermediate QuickBooks users will appreciate the quick-reference design of the Cookbook: short to-the-point topics indexed by commodity, problem type, and example. Self-contained chapters provide quick answers—without reading the entire book.
Advanced users will appreciate the special sections and "sidebar" discussions of advanced techniques and QuickBooks operating details, which show how to go beyond the basics to accomplish your record keeping goals.
Mark Wilsdorf has worked with agricultural software and accounting since the 1980s, as editor of AgriComp Magazine, as an accounting newsletter columnist, and as a developer of software, user guides, and training programs for the University of Missouri, Deere & Company, and others. He currently is president of Flagship Technologies, Inc. where his primary focus is on QuickBooks-related software and end-user training.
The QuickBooks Farm Accounting Cookbook,™ Volume IV shows a simpler way to account for fixed assets in farm and ranch businesses using cash accounting. (292 pages)
