Eastern Utah advocate. [volume] (Price, Utah) 1895-1915, 1914-04-30

UT Inv AaAAhtH " ht"Ah AN"Et'
u that every business enterprise
ought TO know whether Il IL losing
or making money. Farming n n
business business that a. more
complex and difficult 10 keep nc
counts Of than any other kind of
business one can name. stop for a
moment and think how many ele-
menis enter into the cot of pro-
ducirg wheat. You have interest
on che investment. cost of plowing.
narrowing. cuitivating. seeding. har-
vesting. threshinr. storing and mar
koting. each involving the use Of
mon. machinery and horses Can
ayons present tell what A. costs 20
produce a bushei Of wheat and put
n on the cart And then tell what
nate OF interest your investment IL
payingf Also. can you toll whether
the wheat - produced on an aero
OF land Il paying a higher rate Of
interest on the Investment than the
same acre would produce II a. we're
growing alfalfa Instead Of wheatY A
set OF farm books. properly kept.
would show the profit or loas In
each crop. Then how about your
dairy cattle. hogs. poultry. beef
cattle and your horses1 Are you
Keeping them AZ n profit or a ioss'
A ample Get Of farm booka will toll
you all about Il and DO away With
the Wild gioasing 40 many farmers
do about what pays best TO pro
ducc.
Tho farmer pays two hundred
dollars Tor a new machine. lie lots
Il siand out in the weather, year an
and year out In ak years time
that machine u no longer n, Tor
use. n that farmer had an account
with "Farm Machinery IN whioh he
entered the cost and the annual de
probation 81 that machine. do you
not belieyc that he would wake up
whom be saw his machinery dcprc
chatting at the rate OF ~ pcr Gems
per year and realised that, with
proper care. tho rate OF dcprocia-
ton should not 10 more than 40
10 por cont per annum lie would
go that he could we'll afford TO
build aired for his machinery. I
know OF farm on which the ma
chinery account shows cost OF
something over twelve thousand
dollars. When n came 20 striking
Off iB TO 20 per cent from twelve
thousand dollars Cor depreciation a
surely looked like throwing money
away and tho owners soon Jaw tho
economy OF buliding sheds for all
machinery on the farm. What thee
didn't have standing room for they
took TO pieces and stored In the a.
tics.
Another reason why the farmer
should keep a ST OF books Il that
when smith. your nclghbor. comes
over and buys load OF hay. An
stead OF making a note OF tho trans
aoiion on the granary door, as |
have seen farmers do. why not deb
Il Smith IN your farm accounts
with the value OF tho hay. and
when Smith SELLS yon a pig you VIII
credit him with its valueY Thus
you will know what you are doins
exactly aud you win not accuse your
noighbors OF being dishonest half
30 often. A farmer does not ncod
nin SCI Of doublc entry books 30
which TO keep his accounts lie
must have something simple that
does not require too much time A
system that would keep the farmer
% TN midnight nopeaiedly az the
end OF the month during harvest
time trying TO find a mistake OF ten
cents In a trial balance wouldn't be
much OF a success.
Now. l cannot 80 into detail here
about iurln bookkeeping II you
want 90 know more about the de-
tails OF farm accounts. / shall be
glad TO discuss the matter with you
when have more than five min
utes IN which 20 do Il, have a
system OF farm bookkeeping OF my
own orieination that IA simple and
effective. and II any OF you care TO
investigate shall be pleased TO ex-
plain Il 10 you. II consists only OF
a loose leaf book for inventories
and a six By nine Inch card index
with ledger ruled cards. An average
farmer can learn 10 use Il In less
than four hours time.
For the average farmer a set OF
books need consist OF only an wen
tory and a financial account. These
viii show the most important
things. brom this kind OF book
keeping you win be able 20 deter
mine;
First-Inorease or decrease OF
oanffaI