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The Oklahoma Farm Family Account Book

This farm account book has been prepared for families to keep a record of the financial transactions of the farm. Many farm families attribute their success to keeping records during a period of years.

 

The incentives for keeping records are the greatest farmers have ever known. The Internal Revenue Service is re-checking more tax returns, and examining farm returns to make sure operators are treating the business as a business and not a hobby, therefore, it will be necessary for farmers to have their financial transactions in the best possible business order. Do not worry if records do not balance to the exact penny. The primary purpose is not bookkeeping, but money management. This circular provides a record-keeping system for farm records to help make better decisions, verify income and expenses, and complete your tax forms.

 

E-823

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