How it works 

To get your Herd Scheme Valuation into Figured there is a few things you need to do.

  1. Getting your starting point for Herd Scheme set. This is done by entering the prior years livestock allocation to the year that you are actually running valuations out of Figured.  

    This will allow the app to automatically calculate the Herd Scheme revaluation reserve value going forward.  
  2. It will also set the correct last year closing numbers that need to be maintained going forward. This can in the Last Years Closing column in the screen shot below.
  3. The tool will also add a exclamation mark and a red box the the quantity field if it is displaying a lower quantity then what was allocated in the previous year. 

4. When you are happy with your Herd Scheme allocation click on the Save & Go Back.

Other articles that you might find useful :

New Zealand Livestock Valuation

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