agMIS - Still more useful features

agMIS Still more useful features

Don't overlook these additional agMIS features...

100% export capabilities. The number and variety of agMIS outputs eclipses even the most expensive accounting programs, but creative users want more. To help them, every agMIS report display features spreadsheet and text export capabilities.

100% data warehouse. Some balances transfer automatically in year-end processing, but no data is erased from year to year. It's merely moved to a 'warehouse' where it remains entirely and permanently retrievable anytime, as before.

Non-cash accounting. Unique features enable adding non-checkbook records to cash accounting, enabling users to do their own tax depreciation accounting, for example. For advanced users only.

6 Core FFSC concepts. The Farm Financial Standards Council defined 6 core concepts* for a farm MIS system. All six concepts are supported in the agMIS system designs.

*Management Accounting Guidelines for Agricultural Producers, Farm Financial Standards Council, February 2006, pages 3-5.

Still more...

Responsibility center accounting. One core FFSC concept refers to sub-dividing the farm into management responsibility centers. Perhaps you've noticed here how the agMIS system supports cost accounting not only at cost element levels (seed, feed, labor, etc.), but also at field, pen, lot and product levels too.

Advanced users, in addition, will discover agMIS' capabilities enabling them to track equipment costs in an equipment 'responsibility center', while at the same time in the same agMIS system, to allocate those same equipment costs to their respective crops and/or other products.

Multi-year product costs. Another core FFSC concept refers to cost management support for production cycles that extend beyond the current year. The agMIS system operates from a fiscal-year base, with to-date costs carried forward automatically (with user override capabilities) at fiscal year-end.

Summary

You've reached the end of these agMIS explanations, and chances are you have a question or two. Because what you've seen here, to our knowledge, isn't available elsewhere in ag, Please contact us anytime -- with questions, or to tell us about other financial MIS tools for agriculture.

How agMIS is different

Basic agMIS system differences -- compared to all 'accounting' programs -- begin with the platform upon which it's built.

By definition, accounting programs are based on a pre-defined chart-of-accounts set, which limits user flexibility. The agMIS system, on the other hand, is a set of auditable data files with built-in relationships, which users define for themselves, including which, if any, they will use as official 'accounts'.

That's technical stuff, but it may be helpful for some to know the difference.

It's not new

It's a new wave in agriculture, but certainly not elsewhere. MIS technology began with the first business computers, and continues today to serve just about every aspect of business management need. And to the extent an MIS system stores or generates accounting-useful information, you can be sure it also supports whatever 'accounting' program is used.

And that's precisely what we designed and built the agMIS system to do -- particularly for those farms and families with no previous accounting program need or requirement!