Author: Sanjeev Roy

  • About Us More Than 100 Years of Agribusiness Experience H&M

    agribusiness accounting

    Farming involves multiple sources of income, including sales of crops, livestock, and government subsidies or grants. Properly tracking each source ensures you understand which areas of your business are most profitable and where to focus your efforts. Income is recorded when earned and expenses when incurred—regardless of when cash changes hands.

    agribusiness accounting

    Agribusiness services tailored to your needs.

    • ACE students go beyond the basics of business, economics, and policy to solve challenges in food, agriculture, consumer protection, energy, and the environment.
    • Explore expert insights, tips, and updates in finance and accounting at Our Accounting World—your go-to resource for all things accounting.
    • To describe an agribusinesses’ financial health, management teams, boards, shareholders and other stakeholders need financial statement audits.
    • The United States Department of Agriculture keeps a close eye on commodity costs and returns, and the trends show that costs for farmers are constantly on the rise.

    It’s built to enhance collaboration and provide accurate, actionable farm data for better decision-making. As farms grow in size and complexity, managing finances manually becomes increasingly difficult. With the right tools, farm owners can streamline their financial operations, track expenses, manage payroll, and gain valuable insights into profitability. In 2025, investing in efficient farm accounting software is crucial for ensuring financial stability, tax compliance, and long-term growth. Agricultural accounting is the application of standard accounting principles specifically tailored to the unique challenges and characteristics of farming and agricultural businesses. Unlike a typical retail store or service company, farms deal with living assets like crops and livestock, seasonal income patterns, and production cycles that can span months or even years.

    Eight Service Locations, One Firm

    agribusiness accounting

    Consistency in applying accounting methods becomes crucial given agriculture’s cyclical nature. Since farm income can vary dramatically from season to season, maintaining consistent accounting practices helps provide reliable comparisons across different time periods and production cycles. Agricultural accounting follows the same fundamental principles as general accounting but adapts them to address farming’s unique characteristics. The matching principle becomes particularly important in agriculture, where expenses like seeds, fertilizer, and labor might be incurred months before the related income is earned from crop sales. For example, a corn farmer plants seeds in spring, tends the crop all summer, and harvests in fall—but the accounting system must properly match all those spring and summer expenses with the fall harvest revenue. Understanding the basics of accounting principles and practices can help them manage their finances more effectively and make informed decisions.

    agribusiness accounting

    Key Services

    • An effective farm bookkeeping and accounting system ensures that a farm operates smoothly and profitably.
    • Proper bookkeeping ensures that all economic activities are organized, enabling farmers to assess their financial health, comply with tax regulations, and make informed decisions.
    • Comprehensively plan for your future and shape your legacy with our Individual Financial, Organizational Planning, and Succession Planning Services.
    • It helps manage finances with ease, offering farming-specific features like real-time financial insights, automated workflows, and mobile access.
    • Agricultural bookkeeping is more than just number crunching—it’s a vital tool for managing your farm like a business.
    • Our solutions streamline financial tracking, inventory management, payroll, and compliance reporting.

    This method provides How to Start a Bookkeeping Business a clear picture of actual cash flow, which is often farmers’ primary concern during tight financial periods. Ascertaining financial position involves creating balance sheets that accurately reflect the farm’s assets, liabilities, and owner’s equity. This includes valuing growing crops, mature livestock, land improvements, and equipment while also accounting for seasonal debts and long-term financing arrangements.

    agribusiness accounting

    PcMars Farm Accounting – Best for Small Farms

    agribusiness accounting

    Pull your AG accounting records from past years to show how many animals you’ve sold, how many animals you would have sold without the weather-related conditions, and other proof. Sure, you must record the transactions that take place like in regular business accounting. But as an AG business, you also need to record your stock levels and the market value of your net sales land. Whether you’re a family farm or ranch, large commercial producer or a cooperative, Wipfli can help you mitigate risk and leverage opportunities. Working with farmers and farm families to develop and implement customized strategies for achieving long-term goals, strengthening your financial security and maintaining your quality of life.

    • With agribusiness you are pushed to adapt and evolve with changes in the economy, technology, competition, rules and taxes.
    • Understanding bookkeeping basics is vital whether you’re a seasoned farmer or just starting your agricultural journey.
    • The IRS, in particular, requires that all business expenses be documented to support tax deductions.
    • Used across every industry for every size of business, QuickBooks has flexible features that help scale your farming business.
    • He is a member of the American Institute of Certified Public Accountants and the Virginia Society of Certified Public Accountants.
    • Below are some of the most common mistakes in bookkeeping for farmers, along with tips on avoiding them.

    Holbrook and Manter specializes in agriculture business accounting and believes in the hard work farmers put into their business every day. Should you find yourself needing friendly advice on navigating your farm accounting software or even choosing the right one for your business – trust us to help you make the best decision. As the preferred farm accounting and management software amongst self-employed farmers, EasyFarm is just that – easy!

  • Covid wave 2, leadership pitfalls and the Stockdale Paradox -Published in Economic Times

    Synopsis

    Unfounded optimism, lack of caution & social distancing norms, and a bizarre sense of invincibility have deepened the ongoing Covid crisis. At a time like this, following the Stockdale Paradox may well prove to be the best strategy.

    By Avik Chanda & Sanjeev Roy

    15th May 2021

    Read the full article: Click here

  • 4 Myths About Empathy In The Workplace

    For over two decades now, psychologists such as Daniel Goleman and others, have been telling us that empathy is a crucial workplace competency. But empathy and its association with words like feelings and emotions continues to make people uncomfortable.

    Empathy means being able to 1) understand the other person’s thoughts, motives, worries, etc. 2) understand their experience and feelings in a given situation.

    Photo credit: pressfoto via Freepik

    Author Brene Brown defines empathy as connecting with people so we know we’re not alone when we’re in a struggle. She says empathy is a way to connect to the emotion another person is experiencing; and it doesn’t require that we have experienced the same situation they are going through.

    In this article, we’ll look at  some myths about empathy that we have encountered in our work with leadership. These myths are why many continue to give empathy a theoretical nod but often a practical pass. We will address ways in which empathy can be practiced at the workplace. 

    Myth #1: Empathy means being “emotional” at the cost of logic and reason.

    Empathy is often seen as giving into emotions and losing objectivity or rationality.This is what makes many in the workplace uncomfortable with “being empathetic”.

    The truth is that empathy is akin to an internal, navigational tool. It helps us to better understand those who we must work and interact with on a regular basis. Practicing empathy means making efforts to understand the other person’s experience and point of view; the way they think about what’s going on. 

    Photo credit: pressfoto via Freepik

    This makes empathy an important relationship management tool, whether it be with business partners or internal team members; it allows you to connect before you can “correct” or “work to find a solution”. Empathy allows us to understand the other person’s perspective and reach a mutually agreeable decision.

    If a colleague were to share that ‘I am hesitant to state a different point of view because I might be ridiculed’, responses that may get a real connection going would involve acknowledging the person’s fears. If necessary, asking what caused such fears to take hold. And finally, if the need still persists, proceed to solutioning together. Sometimes, the acknowledgement may be enough. That is how one translates empathy into action.

    This leads us to our myth #2, that empathy equals agreeing.

    Myth #2: Empathy means agreeing to everything the other person has to say/demands.

    Coming back to the idea that empathy is really a navigational tool that allows us to be on the same page as the other person. 

    Whilst being empathetic means acknowledging the other person’s feelings and experience as being valid, you can be empathetic to someone and still disagree with them. The deep listening and connection are what allow you to remain firm.

    A colleague or team member, who is continuously missing deliverables for some time may share how they are feeling overworked or struggling with something. Empathy in action would mean listening to them, acknowledging their feelings but stating that the tasks have to be performed. Asking the person to think of solutions and then helping them along as appropriate may be more useful.

     

    Myth #3: Empathy is time-consuming and delays work

    One that we hear very often is that empathy needs time and we just don’t have it… In the midst of our daily hustles, empathy often gets pushed to the back burner as we try to “just get work done”. However, short term effort in empathizing with others can lead to huge long term benefit and save both time and effort in the long run. 

    In any parent-child or mentor mentee relationship, this is quite relevant. The more you “connect” and stuff up the “connection box”, the easier it is to set boundaries, provide guidance, help learning. Investing in connection strengthens the relationship that over time then is the foundation for crossing tougher bridges much faster! 

    The more we see empathy as a critical business competency, the more aligned we are in the language we use to talk about it. 

    Photo credit: pressfoto via Freepik

    Myth #4: Empathy is a personality trait and not a skill.

    The common belief is that you either are empathetic or not. It is believed, though inaccurately, that “it is what it is” and can’t be changed or improved.

    However, as psychologist Jamil Zaki has portrayed through extensive research and interventions, empathy is a learnable skill. It is like a muscle that gets stronger and stronger over time through conscious efforts and training activities and experiential interventions such as perspective-taking, coaching, etc.

    Learning to be a better listener, mastering the art of framing responses mindfully, taking time to respond, resisting the need to put everything in a positive light and so on are all learnable.

    Empathy has always been an important leadership competency and the pandemic has brought it into sharp focus.

    At Bullzi, we have created some very specific interventions to help leaders develop their empathy muscle. We have run multiple editions of our Connected Leadership Lab and Leading WIth Empathy

    This article written by the Bullzi team is the second in the series Preparing Leaders For The Post-Covid Era that addresses key challenges and needs for leaders in a changed, post-Covid19 work landscape. Read the others here:  Chronic Stress In The C-Suite

  • Chronic Stress In the C-Suite & Its’ Impact On The Organization

    This image has an empty alt attribute; its file name is Pic-1-1.png
    Photo Credit: rawpixel via Freepik

    The job of the C-suite has always been tough but the pandemic has exasperated the situation further. Amidst a highly demanding work environment, combined with fear and uncertainty regarding their and their family & friends’ health as well as a sense of loss of ”normalcy”, it seems, leaders in the c-suite haven’t really cracked the code on how to operate in this new, distanced world. 

    The c-suite is being called upon to show the way to their organizations out of the pandemic-induced challenges, double down on motivation, and reinforce the sense of purpose and connection within the organization, besides adjusting their own leadership approach for a technologically-driven, distanced work environment. All of this is leading to chronic stress in the c-suite. 

    What impact is it having on individuals and on the organisations they lead? We attempt to answer in this article.

    Unacknowledged stress in leadership

    This Elemental article takes a deep dive into the topic of pandemic-induced long-term stress. It brings forth key insights on what chronic stress can do to a person’s mental well-being in the long term; it highlights how prolonged stress results in a higher chance of leading to mental disorders such as depression or PTSD, etc. 

    The impact is likely, to a lesser or higher level, depending on the proximity of one’s experience with the pandemic. Loss of family/friends, business continuity stress, anxiety about the future, isolation…all of these are likely to contribute to higher anxiety and stress in any person.

    The article also attempts to explain the impact of a loss of social connection and  sense of “normalcy” on how effectively we can deal with chronic stress and the unusual emotions we are experiencing right now: why, for example, we no longer enjoy or are excited about doing some of the things we absolutely loved pre-Covid. 

    What we are experiencing right now is a form of collective grief or stress – even for those who haven’t personally experienced loss of loved ones or loss of job – there is a sense of gloom they might be experiencing due to the sheer difficulty and uncertainty of what’s going on all around us.

    Since the beginning of 2020, we at Bullzi have been tracking leadership and organisation ‘state of being’ through our own surveys and desk research. We have also run new age psychometrics (with our partner organisation NUVAH) that specifically track resilience, anxiety and state of being. At each stage we have found that leadership stress trends higher than average stress, yet it is not acknowledged. 

    Chronic stress and resilience

    While an appropriate level of stress can often be helpful to get the thinking fluids flowing, prolonged stress can be detrimental for any individual’s long term well-being and will also, at some point, interfere with their work needs.

    Over the past 3 months we have invited over thirty five C-suite members to take part in a psychometric (from our partners NUVAH) that measures resilience. While overall resilience scores are in the positive zone, scores on stress and sense of being in control are generally in the orange and red zones.

    The relationship between stress and resilience is a peculiar one – while ordinarily, both stress and resilience co-exist and in a way, effectively dealing with some stress does contribute to building personal resilience; long-term stress lowers our ability to adapt to and address demanding situations. 

    Leadership resilience and its cascading effects

    Photo Credit: katemangostar via Freepik

    When it happens to leaders in the c-suite, this lowered resilience also has an impact on the organization’s overall performance and long-term resilience. Resilient Leaders boost organizational resilience and culture and vice versa.

    While there are many factors such as strong  core values, relevant mission and customer value proposition, agile and adaptable structures and processes that help the organization build its resilience; if the organization is the vehicle, leaders are akin to the drivers responsible for direction and action in this regard. And thus, leaders need to be ready for the next battle – whenever that may be. This goes beyond the ability to plan and make the right business decisions; it requires  the ability to have clarity and the right outlook to deal with adverse events. Resilience is not an end result, but rather a process of adaptation and growth in a complex and risky operating landscape. 

    On the other hand, a culture of resilience within the organization also helps individuals build a resilient outlook in their personal lives. It’s a reinforcing loop. When the organization has clearly defined processes and approaches to build a culture of resilience, it makes it easier for the individual leaders in the organization to deal with uncertainty and complexity. But it is the leaders who have to lead the way in terms of defining an organization-wide culture of resilience.

    Organizations must ask themselves, whether this is a virtuous cycle or a vicious one.

    Photo Credit: yanalya via Freepik

    When individuals’ well-being, besides financial outcomes, is treated as a priority…when the organization helps its people be better prepared to deal with the stress associated with complex or unpredictable situations…when safe spaces are created for individuals to acknowledge and reflect on setbacks, work through challenges and draw out  learnings for the future…when an “always on” work environment is discouraged, the leaders are better able to cope with highly demanding needs at the workplace.

    On the other hand, when an organization prides itself in constantly operating in a “fire fighting mode”…when the next crisis is always just around the corner…when focus on personal well-being and mental health is labelled “selfish”, the leaders will soon find themselves spiralling down the rabbithole of difficult situations, leading to more stress and therefore, more challenges and so on.  

    Leaders in the c-suite are increasingly called upon to advance the mental well-being agenda but can they really do so without putting it in practice for themselves?

    This article written by the Bullzi team is first in the series Preparing Leaders For The Post-Covid Era that addresses key challenges and needs for leaders in a changed, post-Covid19 work landscape. Look out for the others in the coming weeks.

  • The New CEO Predicament, in Pandemic Times – Published in Peoplematters.in

    The findings of the study, undertaken across FMCG, Information Technology, publicity and media, startups, and social entrepreneurship sectors, reveals a new set of challenges that CEOs now have to come to terms with. Let’s take a look.

    Authored by, Sanjeev Roy – Co-founder, Bullzi & Executive Coach  and  Avik Chanda – CEO-Founder – NUVAH ELINT LLP

    Click here for the article