Tracking Farm Expenses: How PlowPal Keeps Your Finances on Track
(PlowPal is a fictional app for sample purposes only)
When Beth and Josh Arnold decided to start a small meat goat farm, they never expected their business to double in revenue in just three years. The Arnolds quickly realized they needed ag accounting software to help track their sales and manage their inventory.
Enter: PlowPal, an AI-powered farm accounting software. “PlowPal has really helped us determine where we’re spending most of our money,” Arnold said.
In this post, we’ll cover how to use PlowPal to streamline your expense tracking.
Why Expense Tracking Matters
If you don’t meticulously track your expenses, it’s easy to overspend your budget, especially if you need an emergency vet visit.
The Arnolds quickly learned how important it is to track expenses and prepare for emergencies.
Arnold said, “When we first started raising meat goats, we had to call in the vet a couple of times in the spring. One of our best nannies got a nasty cut on her neck after getting her head stuck in the fence. After that happened a couple of times, we started to see we would need to save some money for emergencies.”
Without tracking their expenses, the Arnolds had no idea where they could cut costs and where they should splurge. However, once they started tracking farm expenses with PlowPal, they could easily determine their income and expenses, track their cash flows, and predict future costs based on past purchases.
How PlowPal Simplifies Expense Tracking
PlowPal is an accounting software for small and medium-sized farms. Farmers can easily manage their expenses with predictive analytics without stressing about unexpected costs.
Here’s how the expense tracking feature benefits farmers:
1. Automated Logging
The automated logging feature in PlowPal takes the headache out of tracking your receipts. With its seamless integrations to apps you already use, like PayPal and Gmail, PlowPal tracks receipts, automatically logs your purchases, and categorizes them. Talk about making tracking farm expenses easier!
2. Real-time financial insights
At the end of the year, your business accountant will need accurate profit and loss statements to help determine your tax bill. PlowPal streamlines tracking farm expenses in real-time, giving you an exact look at your financial standing at any given moment.
3. Budget predictions
PlowPal’s predictive analytics look at your past spending to find patterns in your expenses. This is beneficial because it can quickly alert you to potential costs you might have forgotten about, like needing to call the vet for necessary iodine medication and help you better plan your budget.
Track Your Farming Expenses with PlowPal
Tracking farm expenses doesn’t have to be another farm chore– you already have plenty of those! PlowPal takes the guesswork out of your budget, helping you manage your farm and expenses better.
Need some more convincing? Listen to what the Arnolds said. “PlowPal was a lifesaver. Our kitchen table was covered with receipts, and I had a bad habit of losing them in the truck. Now, everything is in the app, and we don’t have to look for it.”
When your finances are in order, you can focus on what matters– tending to your farm. Message us today to learn more about PlowPal.
*This is a sample post. Want to work with me? Just send me a message!
