Farm Budgeting Simplified
Empowering Farmers with Financial Insights
Budget Pro by Owen Farm Services is a comprehensive tool designed to help farmers manage their finances efficiently. It tracks all farm-related income, expenses, and overheads, allowing users to create and monitor multiple budgets over several years.
The application supports adding detailed enterprise data such as dairy or sheep farming, as well as assets, loans, and overheads. Users can create cash flow projections and generate detailed reports, presented in clear charts and graphs for easy analysis.
Features
Comprehensive Farm Budgeting
Budget Pro enables farms to create and manage multiple budgets across multiple years. Each budget can be fully customized to meet the specific needs and objectives of your farm.
Our advanced access control system ensures that you have full control over who can view and modify your budgets. You can grant access to existing consultants or create user accounts for your team members, providing flexibility and security in budget management.
Financial Overview and Detailed Settings
Accessing a budget provides users with immediate graphical overviews of their financial status. The dashboard offers a comprehensive snapshot of the current budget, showcasing key metrics such as income, expenses, and cash flow projections.
By navigating to the details tab, users can configure essential parameters including the opening balance, overdraft limit, and VAT rates. These settings are integral to accurate financial calculations throughout the budget.
Enterprise-Specific Templates for Comprehensive Farm Management
Our enterprise-specific templates are meticulously crafted to cater to various farming enterprises, including Dairy, Sheep, and Grassland. These templates are designed to help you set up and manage each enterprise efficiently.
Simply enter the relevant data for your enterprise, and our system will take care of the rest. With our built-in formula system, you can see real-time calculations and totals. Each enterprise can be managed on a yearly or monthly basis, giving you precise control over your financial planning.
To enhance productivity, we have included features that allow you to quickly copy all values to the next year and distribute totals quarterly if needed, ensuring seamless management across different timeframes.
Comprehensive Loan and Asset Management
Our loan and asset management tools allow you to efficiently enter and track all loans and assets related to your farm. You can input detailed information, including loan amounts, interest rates, and repayment schedules, as well as asset names, values, and depreciation rates.
Once you add a loan, we will automatically calculate the interest and principal repayments for you. You can easily view the remaining balance and the total interest paid on each loan. Additionally, if you choose to increase a payment, we will recalculate the remaining loan term, ensuring accurate and up-to-date financial tracking.
Advanced Cashflow Projection and Management
Our powerful cashflow projection tool enables you to easily forecast your farm's financial future. Similar to budgeting, entering cashflow data provides a graphical overview of your farm's cashflow. Prefer numbers? We have you covered with a detailed table view of your cashflow.
The cashflow tool incorporates all existing nominal values and overheads, allowing you to fine-tune the financial inflows and outflows of your farm. Any edits provide real-time updates, making it easy to identify any discrepancies in your nominal values.
We have also added specific functionalities to simplify data entry. Need to offset a total? Add opening or closing balances? We've got you covered with intuitive tools to make cashflow management seamless.
Comprehensive Carbon Footprint Integration
Our integration with Carbon Footprint provides a comprehensive view of your farm's carbon emissions. You can easily track and manage your farm's carbon footprint, empowering you to make informed decisions to reduce your environmental impact.
Leveraging our robust enterprise and overhead management system, we utilize the data you enter to calculate your farm's carbon footprint. This information is displayed in a clear and concise manner, enabling you to identify areas for improvement and take actionable steps towards sustainability.
Custom Reporting for In-Depth Financial Insights
Our custom reporting tool empowers you to generate detailed reports on your farm's financial performance. You can create tailored reports for specific time periods, enterprises, or budgets, providing valuable insights into your farm's financial health.
By analyzing your farm's income, variable costs, and overheads, we can calculate key financial metrics such as gross margin, net margin, and EBITDA. This data helps you make informed decisions about the future of your farm. Additionally, using the values entered in the cashflow section, we can assess your farm's liquidity, solvency, and profitability ratios.
