How to improve our growth for the poultry layer business?

22 Jun 2021, Tuesday · admin · Technology

PoultryCare farms accounting software is the application of accounting practices to poultry operations. In recent years, commercial facing has been engaging the attention of many and as a result, several farmers are coming up. Corporate entities are entering into the farming business in a big way.

Accounting Software for Farm Management Business

Transactions, relating to farming activities may be categorized into four-Cash, credit, and exchange, and notional. The cash and credit transactions are recorded in the normal manner as any other business transaction.

The exchange transactions, like barter, for example, exchange of animal labor for human labor, exchange of seeds for output, etc. are normally recorded at an opportunity cost – the price in the open market. Notional transactions are those that take place between the members of the owner’s family and the farm, viewing the farm as an independent entity notionally.

Management Software for Poultry Business Needs

As the business is carried on by families, it may not have time and resources for an elaborate system. The business is mostly carried on a cash basis and therefore, by providing analytical columns in the cash book, both on the receipts and payments side, the accounting can be made very simple.

Analytical column cash book will help the farmer to do away with other subsidiary books and also the ledger and yet, he will obtain all the information, he needs to prepare the final accounts.

  • Debtors and Creditors Register, to keep credit transactions.
  • Stock Register, which shows input and output of goods, sale, wastage, and balance of stock.
  • Fixed Assets Register contains details of the cost of assets, depreciation, and balance of assets.
  • Loan Register, contains the record of loans, details of interest, etc.
  • Register for Notional Transactions for making a record of transactions between farm and farm households.
  • Cost Analysis register, for keeping records of each farming activity, to know the profit of each activity.

Financial Accounting Software System

Farm final accounts can be prepared according to any of the following two methods

  • Financial Entry Method.
  • Process Entry Method.

Financial Entry Method

The excess of assets over liabilities is the net worth of the business. The profit or loss made by the business during a period can be ascertained by comparing the net worth of the business on two dates, after making suitable adjustments for drawings, the introduction of additional capital, etc. (For more details, refer to Single Entry System of Accounting).

Process Entry Method

Accounting information contained in the accounting records may be presented in the form of an account for each type of product, for example, Wheat Account, Rice Account, etc. Each account is to be debited with opening stock, and the relevant expenses incurred, and the relevant expenses ino­curred, and credited with the sale proceeds and the closing stock.

Financial System Software

PoultryCareis a program that manages the resources of the computer system and simplifies application programming. They include software such as the operating system, database management systems, networking software, translators, and software utilities.

Process System Management

PoultryCare is a really important aspect of running your business successfully. For your departments to run correctly they need proper oversight and management, and to do that you need the right software tools for the job.

Solution for Poultry Business

“Poultry Farm Accounting Trip Management Software“ is the web-based application software that is to be used in poultry farming. This is particularly aimed to systematically carry out the entire activities performed in the farm as every system has curtained limitation, this system has too but it is almost well enough in the specification system, and lastly, up-gradation in future is our hope.