The Business of Farming

Bookkeeping forms an integral part of farming, according to Susan Kidega, who is the bookkeeper at GUCD. “As important as a roof is to a house, so important is bookkeeping to a business.”

She explains that recordkeeping is the pivot of the farm. “It helps with budgeting and cash flow, it tells you whether you are making money or operating at a loss. By keeping good records, the farmer is building trust with lending institutions in the event they would ever need a loan; or a grant or donation. It also helps them to stay compliant with government regulations and helps to evaluate the overall performance of the different departments at the farm”.

The farm won the 2015 Best Farmers Award.   Susan said without proper records, it would not have been possible to win this award.

 

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