Basic Accounting (Open Enrollment)

The module offers an overview of basic business concepts that are important for farmers as they build their record keeping systems and plan for growth. Many of the concepts discussed in this section will come up throughout the other courses and program.

At the end of this module, participants will understand:

• Accrual vs. cash accounting, and why it’s important for understanding the profitability of a farm business.
• The three financial statements, what they tell a farmer about their business, and how they interact together.
• How basic accounting concepts underlie QuickBooks
• Depreciation, and why it’s important to track.

This course includes access to The Farmer’s Office Basic Excel templates.