Farm Accounts
         Farm Accounts
  Farming in Ireland is an important 
   Farming in Ireland is an important 
   part of the economy
   part of the economy
  Types of farms include:
   Types of farms include:
    – Tillage
     Tillage
    – Dairy
     Dairy
    – Beef/sheep/pigs
     Beef/sheep/pigs
  Farmers, like any other business 
   Farmers, like any other business 
   must keep proper accounts
   must keep proper accounts
      Why do farmers keep 
      Why do farmers keep 
            accounts?
            accounts?
  To find out if they made a profit or a loss
    To find out if they made a profit or a loss
  To find out which parts of the farms are 
    To find out which parts of the farms are 
    most profitable
    most profitable
  They must submit accounts to the 
    They must submit accounts to the 
    Revenue Commissioners for tax purposes
    Revenue Commissioners for tax purposes
  To provide information to the bank 
    To provide information to the bank 
    manager when making a loan application
    manager when making a loan application
  To provide information when applying for a 
    To provide information when applying for a 
    government or EU grant
    government or EU grant