- Location
- Lincolnshire
I weigh up every penny I spend on the farm Vs just buying houses.
............or become an auditorRepairs that snowball.
Spending the winter servicing and repairing. But where do you stop. Replace one leaking roof sheet but the purlin looks a bit dodgy. It’s just the result of aged infrastructure. You get to the point of thinking well really the whole roof needs replacing. Then you think well the floor needs redoing as well. Then you wonder if you’d be better selling the lot to a good lifer, buying a flat in Lincoln, investing the rest and spending the rest of your life researching local history or lecturing in applied bollox at Lincoln university.
I think we could have bought a couple of 2 beds over the last 20 years. I’m determined to spend as little as possible here now. Only spending for H and S or to keep the water out.I weigh up every penny I spend on the farm Vs just buying houses.
That's great if you've good tenants. But if you get a bad one you'll realise that at least the law isn't on the side of the weather, currency, flea beetle, slugs, breakdowns etc. etc.I weigh up every penny I spend on the farm Vs just buying houses.
Similar to a theory that a friend of mine has. "Don't start shooting sheep, you won't know when to stop !"Repairs that snowball.
Spending the winter servicing and repairing. But where do you stop. Replace one leaking roof sheet but the purlin looks a bit dodgy. It’s just the result of aged infrastructure. You get to the point of thinking well really the whole roof needs replacing. Then you think well the floor needs redoing as well. Then you wonder if you’d be better selling the lot to a good lifer, buying a flat in Lincoln, investing the rest and spending the rest of your life researching local history or lecturing in applied bollox at Lincoln university.
Don't worry, I do mine on Xero, extrenely carefully and my accountant messes that up too.Time this thread was ridded up again.
Accountants.
We took on Qbooks with them in the hope it would make things easier. I bust a gut creating classes to tag expenses to residences and partners. I thought I'd made it so easy for them. It seem easy enough to me. So why do the accounts come back as a complete dogs breakfast with expenses allocated to the wrong partners and residences when I had been fastidious in designating each and every expense to the right partner or residence class. All they had to do was a run a class report to identify the expenses associated with each partner and each residence but oh no, the accounts have come back as complete bollox. Granny has a huge drawing on her tiny bungalow, incorrect. Brother has the smallest expenses even though he leaves all the lights on and the heating full blast in his mansion. Its so wrong, you wonder if any of it is ever right.
Time this thread was ridded up again.
Accountants.
We took on Qbooks with them in the hope it would make things easier. I bust a gut creating classes to tag expenses to residences and partners. I thought I'd made it so easy for them. It seem easy enough to me. So why do the accounts come back as a complete dogs breakfast with expenses allocated to the wrong partners and residences when I had been fastidious in designating each and every expense to the right partner or residence class. All they had to do was a run a class report to identify the expenses associated with each partner and each residence but oh no, the accounts have come back as complete bollox. Granny has a huge drawing on her tiny bungalow, incorrect. Brother has the smallest expenses even though he leaves all the lights on and the heating full blast in his mansion. Its so wrong, you wonder if any of it is ever right.
Our accountant keeps an asset list. When something is purchased it's added for that year and I have to check the list each year at our meeting to cross off anything that's been sold, scrapped or rotted away.Ah accountants. Strange mix here of envelopes stuffed with invoices, everything written neatly in an old NFU ledger, and taking pics of everything and emailing it....
For some reason every time I sell an implement, they want to see the invoice with the original purchase price. Just as well I've kept invoices from the 1960's then.
I think they're used to dealing with more " normal " businesses, where machinery is chopped in every 3 years.....
That's the sort of thing I dread and makes me reluctant to go far with elderly particularly hydrostatically driven kit. Last time it happened it was the combine which stopped just before the brow of a hill due to biodiesel gunk in the filters. Luckily it got going again after a bit of a rest as the fuel seeped through again. Glad all is safely gathered in for you.Having a tidy up on the farm wet afternoon no better job for the day. Got the load of scrap onto the trailer so far so good. Send the lad away to the scrap yard, got a call an hour later.....tractor has lost drive, right on the edge of the town centre on the edge of rush hour. Getting the tractor loaded onto the lorry, driver was standing in the middle of the road hi vis on, stopping the traffic til it was loaded was clipped by a car wing mirror by a car that didn't stop . Thankfully everyone OK but its stressful few hours.
Checking part of the farm for the first time for a week - there are no stock there at the moment.
View attachment 935109
The remains of 5 different swans under some power cables, three totally predated and 2 fresher carcases
That's the sort of thing I dread and makes me reluctant to go far with elderly particularly hydrostatically driven kit. Last time it happened it was the combine which stopped just before the brow of a hill due to biodiesel gunk in the filters. Luckily it got going again after a bit of a rest as the fuel seeped through again. Glad all is safely gathered in for you.
According to our local weekly bum fodder rag we have a couple of swans found dead on some recreational lakes which are supposed to have Avian FluChecking part of the farm for the first time for a week - there are no stock there at the moment.
View attachment 935109
The remains of 5 different swans under some power cables, three totally predated and 2 fresher carcases