Planning & budgeting

If you receive additional payments for livestock sales throughout the year, you can record the transaction information using the Livestock event 'Other'.

Farm Focus and Westpac have teamed up to make farm finance simpler. Learn how to prepare your data, complete the five-step application in the Vault, and what happens once you submit.

Some livestock events are financial events (sales, purchases) and the event has an impact on both the livestock reconciliation and the cashflow. There are also non-financial livestock events (generally births, deaths and transfers) that only impact the livestock reconciliation and have no impact on the cashflow. Non-financial events (both...

The Working Plan displays the daily bank balance in the current month, helping manage cash flow and overdrafts. It alerts if the predicted balances breaches the overdraft limit. If there are multiple bank accounts these can be filtered for to allow account-specific views.

A baseline plan is a read-only copy of your working plan that you can refer back to as the financial year progresses.

When you're recording stock sales and purchases in Farm Focus, entering a weight is a required field for sheep and beef. Entering a weight for dairy stock sales and purchases is optional.

To filter a plan, open it, click the Filter icon, and select a bank account or tag. This will display only relevant information, adjusting balances and planned items accordingly. The filter doesn't apply to the Livestock grid or Dairy Forecaster. When creating a plan for a specific tag, filter first to avoid tagging items individually.

Learn how to keep your livestock numbers accurate, especially when budgeting and at year-end so your reports, budgets, and tax information are reliable.

When you create your farm business in Farm Focus, your first working plan automatically includes the opening livestock numbers, which can be edited if necessary. In following years, the previous year's closing numbers will roll over as the new year's opening numbers, but you can adjust them by going to the Livestock screen and entering...

If you have multiple supply numbers that sit under one GST number, and you want to separate production for each, you’ll need to create an additional dairy forecaster. There is no extra charge for this