Phoenix Financial Pro is designed to make maximum use of information stored in the Phoenix cash-book. Much of the information in a cash-book is often solely stored for taxation purposes. The Phoenix Financial Pro system goes beyond this to provide technical and financial information to greatly improve the information base on which good farm management decisions can be made in the form of Farm Enterprise Reporting.
Before you can start entering expenses and income for the day-to-day operation of the farm, you must:
• set up bank accounts
•setup cash-book categories
•setup farm management enterprises
•setup livestock and commodity physical accounts for the farm management enterprises
Before you can generate Farm Enterprise reports, the various data items required for the reports must be available. The additional data entry and set up procedures required for Farm Enterprise reports are:
•allocate common mapping codes to cash-book categories
•enter physical data for the Farm Management enterprises
