Welcome to this Farm Accounting 101 presentation on Sample Accounting Entry Number 1: Recording a Co-op Bill Payment in an Excel Spreadsheet. Robert Page, a regional Extension agent and member of the Farm and Agribusiness Management Team with the Alabama Cooperative Extension System at Auburn University, presents the Farm Accounting 101 series. The series is intended to help Alabama producers improve their farm financial literacy.
Farmers like every other small business, have the same basic financial transactions every year. Extension professionals study typical checks and deposits, as well as learning the accounting principles behind the checks and deposits. This presentation shows a typical farm check as it would be entered into an Excel spreadsheet.