Receivable: farm glossary
A receivable is money owed to the farm that is waiting to be collected. It is linked to the sale or other transaction that created it. The original amount, payments received and remaining balance describe how that receivable changes over time. A sale can therefore appear in the farm account before all its money reaches the farmer.
A farm example
When an animal buyer pays part of the agreed price, that collection reduces the receivable. The unpaid part remains attached to the sale for the next payment check.
Everyday use
HerdMobile helps follow sales, collections and remaining amounts together. Dated payments make it easier to see which buyer and transaction the outstanding balance belongs to.
How HerdMobile helps
Bring your animals, feed stocks and farm accounts together on your Android phone. HerdMobile keeps your daily work moving offline: record events, compare feed quantities and follow sales and payments in one place. Use your own feeds and herd information to prepare a ration, then keep a backup file under your control.
