To add assets, you will first head to 'Menu' in the bottom right hand corner of the app.
You can then click 'Assets' under the Tax Prep section
You will then have a choice between Intermediate Farm Assets and Long-Term Farm Assets
Intermediate Farm Assets includes:
Machinery & Equipment
Farm Vehicles
Breeding/Dairy Livestock and Orchards
Other
Long-Term Farm Assets includes:
Real Estate - Land
Infrastructure & Improvements- structures, drainage, fences, buildings, grain bins, horticultural structures, paved lots, water wells
Other
You will have the choice to name the asset, enter the purchase price, date of purchase, the asset type, and a description
Adding assets can be beneficial to helping you develop a balance sheet to apply for funding or loans.
Learn how to enter assets and why they are important to enter into the app
Written by Isabelle Talkington
Updated over a week ago