How DairyBase Can Help Accountants/Consultants
DairyBase will enable engagement with your clients in the following ways:
Create discussion
DairyBase allows the accountant/consultant and client to sit down and make proactive decisions based on information outlined in a standardised report. This report includes the farm’s physical and financial data and can be used to track the business over time and to compare the farm with others. The figures in the report can confirm and shape decisions, or indicate when an area of the business may need extra attention. If the client doubts whether they are on track in a certain area of their business they can benchmark themselves against similar farms in the region.
Link standardised management reports to farm physicals
The standardised report that is created brings together a number of accounting entities, where internal transactions, tax adjustments and inter-entity advance accounts are eliminated.
It can enable the standardisation of some costs (labour) between those who employ and those self-employed.
DairyBase is an analysis tool that can link financial information to farm physical information (full DairyBase report – financials, level one and level two).
Allow in-house analysis and comparison
Clients can be benchmarked against a wider pool of comparable farmers than can be achieved within a single practice. This enables accountants/consultants to look ahead by providing access to a number of benchmark possibilities which can form the basis for comparison and scenario creation. A standardised report will allow for an in-house analysis of clients. As trends are assessed reasons for differences will emerge enabling accountants/consultants to offer more relevant advice to clients which can be backed up by solid data.