FARM FINANCIAL MANAGEMENT CHECKLIST

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--- REVENUE TRACKING ---
[ ] Date of Sale
[ ] Quantity Sold (Units)
[ ] Commodity Type (Corn, Soybeans, Wheat, Livestock (Specify in Long Text), Other (Specify in Long Text))
[ ] Price per Unit
[ ] Total Revenue (USD)
[ ] Sale Details (Buyer, Contract, etc.)
[ ] Payment Method (Cash, Check, Electronic Transfer)

--- EXPENSE MONITORING ---
[ ] Seed Cost (per acre)
[ ] Fertilizer Cost (per acre)
[ ] Fuel Cost (gallons)
[ ] Labor Cost (hours)
[ ] Repair & Maintenance Costs
[ ] Date of Expense
[ ] Expense Description
[ ] Amount Paid

--- BUDGET VARIANCE ANALYSIS ---
[ ] Budgeted Revenue
[ ] Actual Revenue
[ ] Revenue Variance (Budget - Actual)
[ ] Budgeted Expenses
[ ] Actual Expenses
[ ] Expense Variance (Budget - Actual)
[ ] Variance Explanation (Favorable, Unfavorable, Neutral)
[ ] Detailed Variance Comments

--- CASH FLOW MANAGEMENT ---
[ ] Date of Cash Flow Review
[ ] Beginning Cash Balance
[ ] Total Income Received
[ ] Total Expenses Paid
[ ] Loan Payments Made
[ ] Capital Expenditures
[ ] Net Cash Flow
[ ] Ending Cash Balance

--- LOAN AND DEBT MANAGEMENT ---
[ ] Loan Balance (Principal)
[ ] Interest Rate (%)
[ ] Next Payment Due Date
[ ] Payment Amount
[ ] Loan Type (Mortgage, Equipment Loan, Operating Loan, Personal Loan)
[ ] Loan Origination Date
[ ] Remaining Loan Term (Years)
[ ] Notes/Special Conditions

--- TAX COMPLIANCE ---
[ ] Tax Year End Date
[ ] Estimated Income Tax Payable
[ ] Estimated Self-Employment Tax
[ ] Supporting Income Documentation (e.g., sales receipts)
[ ] Notes on Deductions or Credits Claimed
[ ] Tax Filing Status (Single, Married Filing Jointly, Married Filing Separately, Head of Household)
[ ] Estimated Payment Due Date

--- RECORD KEEPING AND DOCUMENTATION ---
[ ] Date of Record Entry
[ ] Record Description (e.g., Fertilizer Application, Equipment Repair)
[ ] Quantity/Volume (if applicable)
[ ] Detailed Notes/Observations
[ ] Supporting Documents (Receipts, Invoices, Photos)
[ ] Record Type (Financial, Operational, Maintenance, Compliance)

--- PROFITABILITY ANALYSIS ---
[ ] Gross Revenue (Crop Sales)
[ ] Gross Revenue (Livestock Sales)
[ ] Cost of Goods Sold (COGS)
[ ] Operating Expenses
[ ] Net Profit Before Taxes
[ ] Net Profit After Taxes
[ ] Profitability Metric (e.g., ROI, Net Profit Margin) (Return on Investment (ROI), Net Profit Margin, Gross Profit Margin, Operating Profit Margin)
[ ] Profitability Metric Value

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