chicken accounting

Discussion in 'Meat Birds ETC' started by Looking4ewes, Dec 27, 2010.

  1. Looking4ewes

    Looking4ewes Out Of The Brooder

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    This year I raised some chickens, sold some, and kept some for myself. How do I account for the ones I kept? Do I need to write a check from the personal account to the farm account to show revenue, in order to write off all expenses? Extreme newbie question, I know, but I need to get the accounts settled by year end.
     
  2. LarryPQ

    LarryPQ Easter Hatch!!

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    Jul 17, 2009
    It it a material amount? That is: most accountants would say don't bother with anything miniscule. This is dependant on how much $$ goes through your farm account. So if your farm makes $40K a year, and those 10 chickens you kept were $4 each...well then that $40 is really not material.

    If the farm only did $2000 this year, then the $40 would be material.

    Ya dig?
     
  3. Dogfish

    Dogfish Rube Goldberg incarnate

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    Western Washington
    Shrinkage. Product died.
     

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