Agricultural Economics Department

 

Date of this Version

November 2001

Comments

Published in Cornhusker Economics. November 7, 2001. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska - Lincoln.

Abstract

As the current year ends it is again time to assess the past year, evaluate the health of the business and begin making decisions for the next year. If there are some records you need but haven’t started, the next best thing is to start now. After you satisfy the IRS and your creditors, what is the next priority in your record keeping? One place to start in identifying record keeping priorities is to list the decisions you want to support and the data needed. Another would be to list your goals and the data needed to monitor progress towards those goals. In either case the focus is upon your needs. Hopefully, the discussion below will address some of those needs.

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