Employee or Independent Contractor?

Many agribusinesses have seasonal workers who may be considered employees or independent contractors. Let’s look at the differences between each.

Getting Started with QuickBooks (For Farmers)

Get The Most Out Of Your Farming Accounting Software By Linda Lehman – Senior Staff Accountant As the owner of a farm, whether it’s a small family farm or a large operation, there is considerable activity when it comes to keeping track of your business income and expenditures.  This not only includes payments you receive … Continued

What Are The Best Farm Accounting Softwares?

If you’re in the business of agriculture, you know the value of a hard-earned dollar. Just like any business, farming requires tact and grit to sustain your operation for years to come. You’re already familiar with the physical work that goes into managing a farm, but what about bookkeeping? What accounting software is best for … Continued

Cash Accounting or Accrual Accounting: Which is right for your agribusiness?

When it comes to keeping track of the revenue coming into your agribusiness, and the expenses you take on during day-to-day operations, you essentially have two different types of accounting methods to choose from. You have likely heard of them…. cash accounting and accrual accounting. It is important to understand the difference between the two … Continued

KPIs on the Farm

What are KPIs and how can they help you run a successful agribusiness? KPI stands for Key Performance Indicator. These are measures that are both financial and non-financial in nature that help you measure the overall health of your operation. Of course, the types of KPIs you put in place will vary from industry to … Continued

Budgeting and Cash Flow on the Farm

Cash flow is important to any farming operation. But you can’t just monitor your pennies and dimes. You must plan out your cash flow and prepare for changes in your plan along the way. Farmers should be working with their accountant to set a budget and execute cash flow forecasting. This exercise allows you to … Continued

Securing your Legacy: The Importance of Succession Planning

The day has come… the day you are finally ready to truly tackle succession planning. This exercise can be scary, emotional, and draining. But it can also be rewarding and give you a sense of clarity about your future and the future of your business. So, how do you really get the ball rolling here? … Continued

Follow H&M’s Monthly Articles for Ohio’s Country Journal

H&M is proud to share a partnership with Ohio’s Country Journal. We are now in our 7th year of contributing a monthly article to the publication, which serves as the premiere source of information about agribusiness and agriculture in Ohio. H&M principal, Brian Ravencraft serves as the head author for these monthly installments. Brian is … Continued

Why An Accountant is So Important

Part 1 of Our Series: Advice from Team Members With Agribusiness Backgrounds Holbrook & Manter isn’t your run of the mill accounting firm. We have been in business as a continuous firm for more than 101 years. Our team is comprised of experienced professionals from all walks of life. The walk for some of our … Continued