FarmRaise

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

How to Add Assets

Make changes to your assets or liabilities or remove them entirely from your records.

How to Edit or Delete an Asset or Liability in FarmRaise Tracks

Assets are divided into three main categories based on how long they are expected to provide value: current, intermediate, and long-term.

Understanding Asset Categories in FarmRaise Tracks: Current, Intermediate, and Long-Term

Liabilities are your debts or financial obligations. Current, intermediate, and long-term.

Understanding Liability Categories in FarmRaise Tracks: Current, Intermediate, and Long-Term

Useful life, depreciation, assets, Schedule F Line 14, Straight line depreciation, declining balance method, MACRS, ADS

Understanding the Useful Life of Farm Assets and Depreciation

This guide walks you through the steps to record the sale and clean up your asset sheet, so your books and balance sheet stay accurate.

How to Track the Sale of an Asset in FarmRaise Tracks

Isabelle Talkington

Learn more about assets and liabilities in FarmRaise Tracks and how they impact your farm finances.

Assets & Liabilities

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