MBTRAC
Gold Member
- Joined
- Mar 28, 2012
- Messages
- 390
- Location
- NSW Australia
- Tractor
- Tractors16-600hp Farm & Earthmoving Equip, Trucks etc.
In our commercial farming operations for budgeting/forecasting/taxation we keep records/expenses of all items of capital equipment/plant.
And if it has any size engine (e.g.pumps/gen sets/tractors/trucks/combines/ATV's/earthmoving gear/vehicles) or is of signicant value (like seeders) we track all expenses against each individual item including repairs/damage/maintenance/fuel/service consumables/hours/purchase cost & date/wrtten down value using:-
- Excel Spreadsheets (makes for an easy total/individual/type/location reconciliation of cost to date/whole of life costings )
- Hard Files: folder for each individual item, containing all "whole of life" records (from purchase .....to disposal)
- Electronic Calendars/Project managment software to track/forecast/schedule all servicing & maintenance rebuilds of gear for our workshop/field service crew & produce "dash" mounted "next service/maintenance due" labels for all equipement
- All fiters are also painted with the date/hours changed, as are major components (engines/gearboxes/axles/alternators/starter/pumps..etc)
All the above assists with equipment resale value & aids informed decisions on replacement gear.
Might seem "over the top", but in commercial farming margins are low & costs high, so tracking/knowing every cost & optimising performance KPI's provides a fighting chance of making a $ at the end of the day...... only if the season happens to be favourable too.....
And if it has any size engine (e.g.pumps/gen sets/tractors/trucks/combines/ATV's/earthmoving gear/vehicles) or is of signicant value (like seeders) we track all expenses against each individual item including repairs/damage/maintenance/fuel/service consumables/hours/purchase cost & date/wrtten down value using:-
- Excel Spreadsheets (makes for an easy total/individual/type/location reconciliation of cost to date/whole of life costings )
- Hard Files: folder for each individual item, containing all "whole of life" records (from purchase .....to disposal)
- Electronic Calendars/Project managment software to track/forecast/schedule all servicing & maintenance rebuilds of gear for our workshop/field service crew & produce "dash" mounted "next service/maintenance due" labels for all equipement
- All fiters are also painted with the date/hours changed, as are major components (engines/gearboxes/axles/alternators/starter/pumps..etc)
All the above assists with equipment resale value & aids informed decisions on replacement gear.
Might seem "over the top", but in commercial farming margins are low & costs high, so tracking/knowing every cost & optimising performance KPI's provides a fighting chance of making a $ at the end of the day...... only if the season happens to be favourable too.....
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