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How to Add Assets

Learn how to enter assets and why they are important to enter into the app

Isabelle Talkington avatar
Written by Isabelle Talkington
Updated over 10 months ago
  1. To add assets, you will first head to 'Menu' in the bottom right hand corner of the app.

  2. You can then click 'Assets' under the Tax Prep section

  3. You will then have a choice between Intermediate Farm Assets and Long-Term Farm Assets

  4. Intermediate Farm Assets includes:

    1. Machinery & Equipment

    2. Farm Vehicles

    3. Breeding/Dairy Livestock and Orchards

    4. Other

  5. Long-Term Farm Assets includes:

    1. Real Estate - Land

    2. Infrastructure & Improvements- structures, drainage, fences, buildings, grain bins, horticultural structures, paved lots, water wells

    3. Other

  6. You will have the choice to name the asset, enter the purchase price, date of purchase, the asset type, and a description

  7. Adding assets can be beneficial to helping you develop a balance sheet to apply for funding or loans.
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