Entering other expense

You should add an expense that isn’t from an operation (for example, crop insurance premiums) by entering an Other Expense record. This will ensure that your profit and loss reporting is accurate.

Adding an other expense:

1. Select Other Expenses from the Records menu.
2. Click the new icon.
3. Enter the following, as required:
   • Date - Enter the date of the other expense transaction.
   • Description - Enter or select a description of your expense. To modify an item in the list, click the pencil icon and make the change.
   • Area - Enter the total area that the expense is should be distributed over.
   • Total Amount - Enter the total amount of income you received, or break it down on a per land area basis. When you enter the total, the per land area field automatically updates, and vice versa.
   • Crop - Select the crop that this expense was related to. This links the income to the Profit/Loss report when you view it by crop.
   • Land - Choose the land area(s) to divide the expense among. This links the expense to the Profit/Loss report when you view it by land area.
   • Notes - Enter any additional information.
4. Click Save or Save & Close to record the information.
   Note: To edit an item, select it and click Edit, then make your changes and click Save & Close. Note: To delete an item, select it and click Delete.

Last updated on August 25, 2014 by FCC AgExpert