| Farm Management Software |
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The ABECAS™ Insight Farm Management Software system builds on top of the farm and ranch system to provide the additional functionality required. In particular, farm management companies are responsible for multiple operations with multiple owners. Expenses are often paid out of a central management company and then allocated to the individual operations. In some cases, the accounting records are maintained in this central company and handled as Departments in the General Ledger and Cost Centers (Jobs) in the Cost Accounting. This allows management and billing reports to be generated at this level. In other cases, the accounting records for each operation are expected to be maintained as separate companies. This requires that transfers be made between the central management company and these separate entities. This can be done automatically on a periodic basis as an Inter-Company Transfer involving inter-company payables and receivables accounts. Tracking supplies usage and charging out labor and equipment usage tends to be demanding for farm management companies. Supplies may be totally expensed across operations and activities at the time of purchase or they may need to be placed into a Supplies Inventory and then charged out as they are used. The Purchase Order and Payables modules help manage this process along with the charge-out of custom equipment services. For equipment owned by the farm management company and maintained and operated as part of an equipment pool, the costs need to be recovered. All usage needs to be charged out at a rate that covers the cost of the equipment, including replacement costs. A rate can be established for each item of equipment or for groups of equipment and then charged out as part of the Payroll processing based on employee time cards. The cost of operating, maintaining and replacing equipment can be tracked in the Equipment and Facilities Management module. Billing the owner for supplies, services and other expenses is a major requirement. This can be based on the accounting records maintained and invoiced through the Accounts Receivable module. Added to the expenses recorded for the billing period will be a management fee. If the revenue from sales comes to the farm management company and is then distributed after covering expenses and fees, this can be handled through the Accounts Receivable and Payables modules. Various standard reports, ad hoc reports, reporting tools, dashboard, and other tools are available to support management in their operations, reporting and research. |