Two separate dairy's

[Sid]

Now am running two dairy herds but whilst connected holdings and use the same machinery.
Would/Do you keep chemical/feed/ai/vet costs separate? and if so on the same accounts program?

 

[stablegirl]

How similar are they sid?

 

[Beef farmer]

In your situation yes. In mine no. Only because I will have two identical setups, yours are vastly different so I would imagine it would be nice to compare the too.

 

[Beef farmer]

How similar are they sid?

Chalk and cheese.

 

[Ducati899]

same as what beef farmer says,interesting to compare the figures on both types of unit and see which system performs better

 

[Jerry]

What accounts package are you using, most will allow the set up for different cost centres so you can track each enterprise.

I have: Arable/Livestock/Rentals/Caravans/Share farms set up in ours so I can track each for profitability. Easy with direct invoices, less so for shared costs. But you could set up a "Central" cost centre for such costs and split that over the operating cost centres in a proportion appropriate to the running of each.

 

[Beef farmer]

same as what beef farmer says,interesting to compare the figures on both types of unit and see which system performs better

He may report back in 12 months time and we will all want to put robots in.

 

[Sid]

Ok
Both grazing based robots bales and conc, maybe some fodder beet next year along feed barriers. Parlour clamp,bales, wholecrop in ring feeders
Robots loose housed
Parlour cubicles.

 

[Sid]

What accounts package are you using, most will allow the set up for different cost centres so you can track each enterprise.

I have: Arable/Livestock/Rentals/Caravans/Share farms set up in ours so I can track each for profitability. Easy with direct invoices, less so for shared costs. But you could set up a "Central" cost centre for such costs and split that over the operating cost centres in a proportion appropriate to the running of each.

Quickbooks, can put in different account , customer/job and even class. How complicated do you need to make it?
Maybe will change accounts package next financial year to xero? But i have paid for q/b but will be monthly cost with xero or new q/bs. Another cost to bear?

 

[jockthethistle]

Take up smoking Sid .. Do your calculations and comparisons on the back of your fag packets ..simples .... jtt

 

[Jerry]

Quickbooks, can put in different account , customer/job and even class. How complicated do you need to make it?
Maybe will change accounts package next financial year to xero? But i have paid for q/b but will be monthly cost with xero or new q/bs. Another cost to bear?

Yes, Im on Xero.

One chart of accounts and a list of cost centres.

Very easy to use and set up, not complicated and does not really take any longer to input invoices other than ones with multiple lines that need splitting such as Mole Valley ones.

The reporting is in built so a P&L by cost center is easy.

 

[Sid]

Take up smoking Sid .. Do your calculations and comparisons on the back of your fag packets ..simples .... jtt

the number of calculations i do every day i would need to smoke 150 a day! always scheming!

 

[Sid]

Yes, Im on Xero.

One chart of accounts and a list of cost centres.

Very easy to use and set up, not complicated and does not really take any longer to input invoices other than ones with multiple lines that need splitting such as Mole Valley ones.

The reporting is in built so a P&L by cost center is easy.

i pay nothing at the moment as package is paid for with no support. to pay ££ a month would pain me unless it brings something to my business

 

[stablegirl]

I would possibly run proper accounts as one, and run fag packet calculations between the two on something specific when i was curious which would be often.

 

[Jerry]

i pay nothing at the moment as package is paid for with no support. to pay ££ a month would pain me unless it brings something to my business

I think it brings management insight that helps inform decisions, often supporting a gut feel but you get it in black and white.

I would have a word with your accountant as well as no point using a package they arnt familiar with though Xero is the market leader now in the UK.

 

[Sid]

I think it brings management insight that helps inform decisions, often supporting a gut feel but you get it in black and white.

I would have a word with your accountant as well as no point using a package they arnt familiar with though Xero is the market leader now in the UK.

they gave me the speel on xero, which i probably paid for and had a free trial, but it wasn't the best time as i was busy tbh. maybe i'll give it another go when i have more time when i retire!

 

[pappuller]

He may report back in 12 months time and we will all want to put robots in.

Or I may be taking mine out

 

[pappuller]

I think it brings management insight that helps inform decisions, often supporting a gut feel but you get it in black and white.

I would have a word with your accountant as well as no point using a package they arnt familiar with though Xero is the market leader now in the UK.

Our accountant recommends either sum it or farmplan

 

[neilo]

Quickbooks, can put in different account , customer/job and even class. How complicated do you need to make it?
Maybe will change accounts package next financial year to xero? But i have paid for q/b but will be monthly cost with xero or new q/bs. Another cost to bear?

Although they heavily promote the online version, you can still get desktop Quickbooks, if you don't want to go to the cloud & never ending monthly payments. I upgraded a few months ago, when Intuit had one of their regular '80% off' upgrade deals. Cost me about £70 IIRC.

On the OP, I'd keep seperated accounts, for the reasons posted above.

 

[Pennine Ploughing]

the number of calculations i do every day i would need to smoke 150 a day! always scheming!

Cigars come in bigger packets, more room for your calculations


edit, i do think you need to separate them to see the difference in performance of each unit