Aggregating data across farms of different entity types and/or operations poses challenges when it comes to comparability. On Insights, some new total lines have been added to enhance the comparability of farms.
The additions are surfaced in the Financial Summary as:
Cash Surplus before Non-Operating Income
Net Profit before Non-Operating Income
Net Profit before Profit Distributions
Net Profit before Tax
The Cash tab now reports as below - with the updates highlighted
The Profit tab now reports as below - with the updates highlighted
As part of this change, some categories have been reordered - for example, Profit Distributions sat within Non-Operating Expenses before and now sits separately from other Non-Operating Expenses below the Net Profit before Profit Distributions line.
These new total rows rely on account categories to be calculated correctly. To benefit from these changes, we recommend that you review the account categorisation on farms.
For example, if you wish to exclude Shareholder Salaries so you can compare a company and a partnership, we recommend that you categorise any Shareholder Salaries expense accounts to Profit Distributions in your account configuration as shown below.