Farm Ease Accounting Deluxe
Copyright, FARM EASE ACCOUNTING, 2004-2010.
All rights reserved.
PRICE: $ 190.00 CDN
This program is for Farming Corporations and for Individual Farmers.
FARM EASE ACCOUNTING DELUXE will help you keep track of your farm income and expenses, complete your GST Returns, Reconcile your Bank Account, Track Loan Balances, Track Cash Advances and Credit Card Balances, plus much more.
The FARM EASE ACCOUNTING Deluxe program is designed to make doing your books an easy task, yet give your accountant all of the information he/she requires at year-end.
Your Job:
- 2 Minute Set up: Fill in short information page > name, year end date, GST #, business portion used for utilities, car & travel
- Easy data entry > income, expenses, GST amount (much like a manual farm book)
- Beginning of year balances (Optional) > bank balance, loan balances, credit card balance, cash advance balance.
Program will automatically do the rest:
- Income & Expense Statement updates with each entry you make
- Completes your GST Returns (quarterly or annually) with all your personal adjustments. Looks just like the GST Return you file with CRA.
- Automatically prorates GST on a personal vehicle
- Automatically makes personal adjustments for utilities, car, house & travel expenses
- Cash Advances on Grain Sales entries and reconciliation
- Credit Card Charges / Payments and reconciliation
- Bank Account Reconciliation (optional)
- Loan Payments and running balances
- Cash Paid expenses
- Capital Purchases and Sales recorded
- Create a Trial Balance for your Accountant at year end
Other Features:
- You can change some headings for crops and livestock
- You can print off an Income & Expense Statement at any time during the year (Banker Friendly)
- GST Return looks just like the one you file with Canada Revenue Agency
- Easy to follow written manual included
- On screen instructions for your convenience
The entries that you make are just like entries you would make in a manual farm book. The pages are set up similar to a manual book. To toggle to different pages in your book, you click on labeled tabs at the bottom of the computer screen. By clicking on one of the labeled tabs, you will be taken to that page in your farm book, where you may make entries or review entries that have already been made. There are 3 pages on which to make income entries > Grain Sales, Livestock Sales, Other Income. There are 6 pages on which to make expense entries > Crop Expenses, Livestock Expenses, Operating Expenses, General Expenses, Cash Paid Expenses, Loan Payments & Personal Expenses.
There is also a page for entering Capital Assets purchased and sold.
Purchasing a vehicle that is used partly for business and partly for personal sometimes creates a challenge when calculating what GST you are allowed to deduct each year. FARM EASE ACCOUNTING does that calculation for you. You enter the purchase price and GST amount – the program will do the rest. (NOTE: This feature may not be used for farm Corporations, as your personal vehicle, will probably be owned by you personally)
Cash Advances > Grain Sales page has columns in which to enter Cash Advances received and Cash Advances paid back. The program will calculate an up to date Cash Advance Record for your information.
Credit Cards > The expense pages have columns to enter charges to credit cards and payments on your credit cards. The program will calculate an up to date Credit Card record for your information.
Bank Reconciliation > The FARM EASE ACCOUNTING – Deluxe program will do a bank reconciliation from the entries you make in the program. There are detailed instructions on how to complete the bank reconciliation with bank entries that may not be entered in your books. It is important to do a bank reconciliation if you are a Corporation, but optional (although recommended) if you are an individual farmer.
Accountants Page > The program has an Accountants Page that shows a trial balance summarizing the entries you have made. This will be a helpful tool for accountants when doing year end financial statements for Corporations. There is information on the Accountants page directing your accountant where he/she can easily information they will require.
The FARM EASE Programs all work on EXCEL Spreadsheet. This means you will need to have EXCEL Spreadsheet installed on your computer before installing a FARM EASE program.
EXCEL Spreadsheet can be purchased at stores such as Staples, Office Depot or Future Shop. You may also find the program on line.
When you are ready to experience how easy doing your books on FARM EASE ACCOUNTING can be, just click on the ORDER FORM link.