Using a livestock tracker

How to use your livestock tracker on a day-to-day basis

Alexandra Henley avatar
Written by Alexandra Henley
Updated over a week ago

The main concept across Figured is that you first create your forecasts, which can be captured in a snapshot, and then day-to-day enter actual information and re-forecast as needed.

When you first get to your livestock tracker, you'll first see your livestock reconciliation according to the global date settings you have set at the top of your page

Your livestock tracker can be viewed for actuals, forecasts, and a combination of actuals + forecasts.

Building your livestock tracker forecasts

You can build your livestock tracker forecasts by either:

  • Entering in a monthly mode

  • Entering in a detailed mode

Building your livestock trackers forecasts: Monthly mode

When you are in monthly mode, each stock class and transaction type you click into (e.g. R2 Heifers - Sales) will display 12 months for you to populate data into.

This is great if you have yet to learn the specific details of your livestock movements, but you generally know that x stock is born this month, and you'd expect to sell y stock in these months.

The monthly mode is intended to be used for entering many transactions simultaneously. Because of this, a standard cash/profit date will be applied to every transaction added in monthly.

When entering transactions for a month, it will give each transaction a cash/profit date of the first of your selected month.

NOTE: The aging-in transactions are created automatically and correspond to any aging-out transactions you enter.

Building your livestock trackers forecasts: Detailed mode

When you are in a detailed mode, each stock class and transaction type you click into will allow you to raise forecast transactions individually.

This gives you the ability to add a greater level of detail at a per-transaction level.

As the year progresses and circumstances change, you'd want to come into your livestock tracker forecasts and re-forecast - edit or delete existing transactions, add new ones, and get an immediate view of your forecasted stock rec and how that'll affect your cash flow.

Using and updating your livestock tracker day-to-day with actual information

After the initial forecast creation, your livestock tracker is ready to use as often (or as little) as you need to keep up with your stock reconciliation.

Post your actual sales and purchase information to your preferred cloud-based accounting software as they happen on the farm, or come back later and reconcile any movements that may have been captured on your accounting software but missed on Figured.

For video tutorials check out our YouTube Livestock Tracker playlist here.

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