1. There are several important reasons to keep accurate and complete family farm records. *
2. Half of the countries Farm/Ranch land in now rented or leased *
3. You should always keep neat farm records. *
4. Record keeping can aid in planning or your farm business *
5. Farm Records can be used for tax reason *
6. Don’t use your personal checking account for your business *
7. Count all items in inventory and include the purchase cost of each item *
8. Take inventory every five years *
9. The key to successful record keeping is a good accounting system. *
10. You should always deposit cash once a week *