Planning & budgeting

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

To export the cashflow grid to Excel click the print icon in the top right corner of the Cashflow.

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...

When you are setting up your Farm Focus you will need to record a livestock value for each of the stock classes. This information is useful so that you can see any changes in capital value as you increase or decrease stock numbers throughout the season.

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.

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.

Learn how to find a quick view of your planned or actual breeding percentages in the Livestock tab of your Plan