The Forestry Forum is sponsored in part by:

TURBOSAWMILL GIANT SALE ON NOW UNTIL OCTOBER 31st


Forestry Forum
Sponsored by:


TimberKing Sawmills



Toll Free 1-800-582-0470

LogRite Tools



Norwood Industries Inc.


Sawmill & Woodlot Magazine



Your source for Portable Sawmills, Edgers, Resaws, Sharpeners, Setters, Bandsaw Blades and Sawmill Parts

EZ Boardwalk Sawmills. More Saw For Less Money!

STIHLDealers.com sponsored by Northeast STIHL


Woodland Sawmills

Peterson Swingmills

 KASCO SharpTech WoodMaxx Blades

Turbosawmill

Sawmill Exchange

BRUTE FORCE Authorized Dealer

Woodshax Outdoor Vending Solutions

FARMA


Council Tool

Baker Products

ECHO-Bearcat



Author Topic: Bookkeeping for logging  (Read 1077 times)

0 Members and 1 Guest are viewing this topic.

Offline Horselog

  • Full Member x2
  • ***
  • Posts: 134
  • Age: 35
  • Location: Appalachian Mountains of Virginia
  • Gender: Male
    • Share Post
    • Sinking Creek Horse Logging
Bookkeeping for logging
« on: November 07, 2017, 05:19:52 PM »
I'm looking for a good bookkeeping system for logging.  I need something that can handle enter loads, footage, price, stumpage and jobs in addition to basic expenses.  I am also expanding into land buying for timber management and need something for that too, hopefully that I can tie into the logging side of things.  I just got Quickbooks Premier with industries and am still learning it.  But from what I can see so far I'm not sure whether it'll do what I'm looking for all under one roof, so to speak.  Any thoughts?
Benjamin Harris
Sinking Creek Horse Logging and Wood Products
Appalachian Mountains of Virginia
horse_logger@me.com
www.sinkingcreekhorselogging.com

Offline Firewoodjoe

  • Senior Member
  • ****
  • Posts: 729
  • Age: 30
  • Location: Northern lower michigan
  • Gender: Male
  • I'm new!
    • Share Post
Re: Bookkeeping for logging
« Reply #1 on: November 07, 2017, 07:11:22 PM »
A good wage, benitites and give her a shoe box full of papers! No just kidding but I do believe paper work will make or break u. Someone will have something on here I'd think.

Offline mills

  • Full Member x2
  • ***
  • Posts: 233
  • Age: 56
  • Location: Kentucky
  • Gender: Male
    • Share Post
Re: Bookkeeping for logging
« Reply #2 on: November 07, 2017, 07:45:48 PM »
I use an Excel spreadsheet with formulas I developed through the years. Works great as long as you keep it updated in a timely manor.

Offline mike_belben

  • Senior Member x2
  • *****
  • Posts: 3082
  • Location: Middle TN
  • Pulp Friction
    • Share Post
Re: Bookkeeping for logging
« Reply #3 on: November 07, 2017, 08:35:12 PM »
Ive always made excel spreadsheets for my previous businesses.  A credit and debit side with a column to enter each expense or income by type.  Each column tallies, and then across the tally row is also tallied into a total for that side. 

So punch a $100 fuel reciept in its column, click enter.  The fuel column updates the total fuel expense, which changes the total overall expense and then that is compared to the total on the income side and spits out a profit or loss into the how my doin box. 

Its how i figure out when i need to buy more deductibles on the fly.  Anytime theres a profit.
Revelation 3:20

Offline ohiowoodchuck

  • Senior Member
  • ****
  • Posts: 530
  • Age: 37
  • Location: Ohio
  • Gender: Male
  • I'm new!
    • Share Post
Re: Bookkeeping for logging
« Reply #4 on: November 07, 2017, 09:46:46 PM »
Timber tracker is a good mobile app for estimating board footage etc.
Education is the best defense against the media.

Offline dirthawger

  • Full Member x2
  • ***
  • Posts: 158
  • Age: 30
  • Location: Shreveport, Louisiana
  • Gender: Male
  • I'm new!
    • Share Post
Re: Bookkeeping for logging
« Reply #5 on: November 08, 2017, 09:58:26 PM »
May not work for your business but I use yardbook.com for my stump grinding business.

Offline U.P mich

  • member
  • *
  • Posts: 29
  • Age: 32
  • Location: Upper penninsula Michigan
  • Gender: Male
  • Yooper
    • Share Post
Re: Bookkeeping for logging
« Reply #6 on: November 08, 2017, 10:26:07 PM »
I use intuit QuickBooks. I went Through a couple training courses to figure it out completely and still don't know how to use all the tools . But it's simple to enter everything in and if you have employees it skips like 100 steps for you and does all the calculations on the fly. 

Offline Oldmil

  • member
  • *
  • Posts: 13
  • Location: N Wisconsin
  • Gender: Male
    • Share Post
Re: Bookkeeping for logging
« Reply #7 on: November 09, 2017, 10:40:33 PM »
This is a logging business software package that may be of interest: http://www.stumpgeek.com/
I'm not sure if it will help with the land purchase end of things.

Oldmil

Offline dustintheblood

  • Full Member x2
  • ***
  • Posts: 247
  • Age: 46
  • Location: Eastern Ontario
  • Gender: Male
  • Home in the woods
    • Share Post
Re: Bookkeeping for logging
« Reply #8 on: November 10, 2017, 12:56:26 AM »
My two cents... (that hopefully turn into two dollars for you)

I've always found that a good accountant earns their money and then some.  They're an investment that pays back.  Tax deductions, clean and tidy books, moving money the right way, keeping up on tax; all worth their time.
Case 1494, Igland 4001, Hardy 1400ST, WM LT40HD, WM Edger, ICS DH Kiln, plus other toys - cause well - gotta have something to play around on

Offline mike_belben

  • Senior Member x2
  • *****
  • Posts: 3082
  • Location: Middle TN
  • Pulp Friction
    • Share Post
Re: Bookkeeping for logging
« Reply #9 on: November 10, 2017, 12:22:21 PM »
Agreed.  If you arent good friends with an attorney and an accountant, youve still got work to do.  Both have saved my hide. 
Revelation 3:20


Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter

xx
Small Scale Logging Production, Cords/Day w/ ATV, Logging Arch, & Chainsaw

Started by NorthMid on Forestry and Logging

22 Replies
3724 Views
Last post April 12, 2015, 10:15:27 AM
by 101mph
xx
small scale logging with a logging arch

Started by JimMartin9999 on Forestry and Logging

9 Replies
4652 Views
Last post April 03, 2010, 08:04:17 AM
by Ironwood
xx
Logging for large company vs logging for yourself ?

Started by U.P mich on Forestry and Logging

23 Replies
2270 Views
Last post April 09, 2017, 08:50:12 AM
by mike_belben
xx
ATV Logging

Started by Good Feller on Forestry and Logging

40 Replies
26358 Views
Last post December 03, 2008, 10:41:27 PM
by John Mc
 


Powered by EzPortal