Farm Budgeting & Forecasting
mulcahy.com.au
Welcome!
ACCOUNTING
FINANCIAL PLANNING
LENDING
LEGAL
INFORMATION TECHNOLOGY
Business Planning & Advice, Farm Accounting Services, Goods & Services Tax, Taxation Planning, Succession Planning, Estate Planning, Self Managed Superannuation Funds, Computer Software, Cloud Accounting Solutions
Superannuation & Personal Insurance, Margin Lending, Retirement Planning, Self Managed Superannuation Funds, Investment & Share Broking, Centrelink & Aged Care Planning, Estate Planning, Portfolio Management & Direct Equities
Residential & Investment Home Loans, Refinance, Commercial & Rural Loans, Business Loans, Self Managed Super Fund Lending, Equipment Finance, Chattel Mortgage, Hire Purchase, Car, Truck & Machinery Loans
Residential Conveyancing, Wills & Estate Planning, Business Structures & Asset Protection, Business & Farm Succession Planning, Business Acquisitions, Taxation, Land Development & Sales, Commercial Property, Stamp Duty & Land Tax, Subdivision Expertise, Large-scale Project Advice & Planning Law
Specialising in the supply, design, configuration and maintenance of all of your information technology requirements. Front & Back Office Systems, Application/Hosting Services, Maintenance & Support, Technical Consulting Services, Cloud Services.
Our moral obligation is to help committed clients achieve financial security
mulcahy.com.au
Are you Financially Secure? Follow our 10 Steps to Success! 1. Goals & Objectives 2. Estate Plan 3. Risk Plan 4. Asset Protection Plan 5. Taxation Plan 6. Debt Plan 7. Retirement Plan 8. Business Plan 9. Superannuation Plan 10. Investment Plan
mulcahy.com.au
mulcahy.com.au
Key Concepts - What is a tracker - Budgeting happens in two places - Budget Vs forecast - Xero reconciliation - Reports - share & discuss
mulcahy.com.au
Trackers
- One tracker for each productive activity - Production and livestock movements - Actual, forecast and budget transactions - e. g. Wool tracker for wool produced - e.g. Livestock tracker for livestock produced - e.g. Cropping trackers for individual crops produced
mulcahy.com.au
mulcahy.com.au
Budgets & Forecasts
BUDGET - Happens in two places - Trackers and Budget Tab - Snapshot taken at the beginning of the FY - Takes into account last year and what is expected to be dierent - Not changed throughout the year
mulcahy.com.au
Budgets & Forecasts
FORECAST - Latest estimate of future ďŹ nancial outcomes - Should match budget at the beginning of FY - Updated throughout year to reect future changes
mulcahy.com.au
How Figured works with Xero
Accounting platform Rural supplier feeds Tax and EOFY reporting
Crop and livestock tracking Production reporting Production Feeds Budgeting & Forecasting
mulcahy.com.au
Reports - Many types available - Structured ďŹ nancial and production information - Published to PDF - Share and discuss - Take a copy of a report - Discuss the copy with the farming team
mulcahy.com.au
The Key Questions
Q&A mulcahy.com.au
Thank you!
mulcahy.com.au