Name: Workshopping a Model Chart of Accounts
Start: 2026-09-22T13:30:00-0600
End: 2026-09-22T15:00:00-0600

Tuesday September 22, 2026 1:30pm - 3:00pm MDT

A Model Chart of Accounts for Farm and Ranch Business One way to unify our various approaches to farm and ranch bookkeeping and to create reports that are comparable and can be used for benchmarking is to agree on a model chart of accounts. In this session we will workshop a model chart of accounts proposed by California FarmLink and discuss how to get additional buy-in and widespread adoption. There is a great diversity of approaches to categorizing farm and ranch assets on the balance sheet. Depreciable assets are categorized in different ways, prepaid supplies and materials are used inconsistently, and inventory methods also vary widely. On the income statement there is even more diversity of presentation. Some people use a cost of goods sold approach without a corresponding inventory account on the balance sheet. Others follow the Schedule F, or the QuickBooks default chart of accounts. Few use a chart of accounts intentionally designed to present a clear picture of farm or ranch operations. Participants in this session will learn about different approaches to constructing a chart of accounts and have the opportunity to work together to make recommendations for best practices.

Speakers

Poppy Davis

Adviser, California FarmLink

Poppy Davis is a business and policy adviser to agricultural and food and beverage enterprises, nonprofits, and local governments. She works through agricultural training programs around the country to deliver programing on topics including agricultural taxation, accounting, credit... Read More →

Tuesday September 22, 2026 1:30pm - 3:00pm MDT
Fireplace

Farm Financial Management

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National Farm Viability Conference

Poppy Davis

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National Farm Viability Conference

Poppy Davis

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