Using reports effectively

Use the Profit & Loss (P&L) report in Farm Focus to gain a clear overview of your financial performance, including taxable profit or loss, over a specified period or full financial year.

Finalising historical GST returns helps you save time and achieve better long-term results by keeping your records accurate and up to date.

Save time by filing your GST return directly with Inland Revenue from your farm business.

Adjusting your effective hectares allows you to reflect changes in your farm area, which will be reflected in your reports.

Creating an invoice ensures the correct GST period is recorded for your transactions.

Learn how to handle duplicate or unpresented transactions by creating a reversal transaction.

Correct GST errors in finalised returns by creating a late GST claim. This ensures accurate reporting in your next GST return.

Learn how to manage deferred payments and claim GST on items when eligible, following your accountant’s advice.

Understand how Farm Focus helps you calculate and track PAYG instalments.

The Cashflow Summary report shows your month-to-month income and spending in a clear and organised format. You can access this report by navigating to the Plan page in Farm Focus.