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Author Topic: Bookkeeping for logging  (Read 501 times)

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Offline Horselog

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    • Sinking Creek Horse Logging
Bookkeeping for logging
« on: November 07, 2017, 05:19:52 pm »
I'm looking for a good bookkeeping system for logging.  I need something that can handle enter loads, footage, price, stumpage and jobs in addition to basic expenses.  I am also expanding into land buying for timber management and need something for that too, hopefully that I can tie into the logging side of things.  I just got Quickbooks Premier with industries and am still learning it.  But from what I can see so far I'm not sure whether it'll do what I'm looking for all under one roof, so to speak.  Any thoughts?
Benjamin Harris
Sinking Creek Horse Logging and Wood Products
Appalachian Mountains of Virginia
horse_logger@me.com
www.sinkingcreekhorselogging.com

Offline Firewoodjoe

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Re: Bookkeeping for logging
« Reply #1 on: November 07, 2017, 07:11:22 pm »
A good wage, benitites and give her a shoe box full of papers! No just kidding but I do believe paper work will make or break u. Someone will have something on here I'd think.

Offline mills

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Re: Bookkeeping for logging
« Reply #2 on: November 07, 2017, 07:45:48 pm »
I use an Excel spreadsheet with formulas I developed through the years. Works great as long as you keep it updated in a timely manor.

Offline mike_belben

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Re: Bookkeeping for logging
« Reply #3 on: November 07, 2017, 08:35:12 pm »
Ive always made excel spreadsheets for my previous businesses.  A credit and debit side with a column to enter each expense or income by type.  Each column tallies, and then across the tally row is also tallied into a total for that side. 

So punch a $100 fuel reciept in its column, click enter.  The fuel column updates the total fuel expense, which changes the total overall expense and then that is compared to the total on the income side and spits out a profit or loss into the how my doin box. 

Its how i figure out when i need to buy more deductibles on the fly.  Anytime theres a profit.

Offline ohiowoodchuck

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Re: Bookkeeping for logging
« Reply #4 on: November 07, 2017, 09:46:46 pm »
Timber tracker is a good mobile app for estimating board footage etc.
Education is the best defense against the media.

Offline dirthawger

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Re: Bookkeeping for logging
« Reply #5 on: November 08, 2017, 09:58:26 pm »
May not work for your business but I use yardbook.com for my stump grinding business.

Offline U.P mich

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Re: Bookkeeping for logging
« Reply #6 on: November 08, 2017, 10:26:07 pm »
I use intuit QuickBooks. I went Through a couple training courses to figure it out completely and still don't know how to use all the tools . But it's simple to enter everything in and if you have employees it skips like 100 steps for you and does all the calculations on the fly. 

Offline Oldmil

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Re: Bookkeeping for logging
« Reply #7 on: November 09, 2017, 10:40:33 pm »
This is a logging business software package that may be of interest: http://www.stumpgeek.com/
I'm not sure if it will help with the land purchase end of things.

Oldmil

Offline dustintheblood

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Re: Bookkeeping for logging
« Reply #8 on: November 10, 2017, 12:56:26 am »
My two cents... (that hopefully turn into two dollars for you)

I've always found that a good accountant earns their money and then some.  They're an investment that pays back.  Tax deductions, clean and tidy books, moving money the right way, keeping up on tax; all worth their time.
Case 1494, Igland 4001, Hardy 1400ST, WM LT40HD, WM Edger, ICS DH Kiln, plus other toys - cause well - gotta have something to play around on

Offline mike_belben

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Re: Bookkeeping for logging
« Reply #9 on: November 10, 2017, 12:22:21 pm »
Agreed.  If you arent good friends with an attorney and an accountant, youve still got work to do.  Both have saved my hide.