Basic Farm Accounts

This comprehensive short course in basic farm accounts is designed to equip agricultural managers and emerging farmers with the essential financial skills needed to run a sustainable business. The curriculum begins with a strategic look at choosing the right type of business entity and navigating the necessary statutory registrations to ensure full legal compliance. Participants will master practical record-keeping techniques and learn to manage payroll systems efficiently. A major focus is placed on meeting national tax obligations, specifically covering SARS requirements and mandatory statutory reporting. Finally, the course dives into the day-to-day mechanics of financial management, teaching students how to accurately calculate production costing and generate professional invoicing to maintain a healthy cash flow.

Course Content

Sole Proprietor vs. Company: Pros and Cons for Farmers in South Africa
Statutory Requirements for Farming Businesses in South Africa
How to do Costing and Invoicing
Record Keeping Essentials for Farmers
Understanding Taxation for Livestock in Farming
Managing Farm Finances: Payroll, UIF, Taxes, and Compliance
Final Quiz
Basic Farm Accounts