There are four types of trading statements available in Figured:
Milk (two options; one allows for variance reporting throughout the year)
Livestock
Wool
Cropping (this is for the old cropping tracker)
The milk, livestock, wool, and cropping trading statements are actuals only. They can only be run to cover 12-month single financial year at a time, and custom dates cannot be applied to any of the Financial year end trading statements. This ensures that the trading statements accurately reflect the complete financial year's data for reporting purposes.
Unfortunately the year-end trading statements do not currently cater for farms that have just applied a balance date change and therefore require a one off financial period adjusted from 12 months.
Trading statements are an end-of-year report in Figured that capture movements from your trackers and valuations windows, which shows in the report as:
Net cash proceeds
Gross surplus from trading
Closing stock on hand for the year
You can also select to include associated direct income and costs in the report by clicking the Additional Options button.
In the Advanced Milk trading statement, you can generate the report for your actuals/actuals + forecasts and toggle comparison data to check how you are tracking throughout your financial year.
The new milk trading statement is also the only report that allows variance reporting.
For video tutorials check out our reporting YouTube playlist here.