{"id":3924,"date":"2020-04-18T13:14:43","date_gmt":"2020-04-18T13:14:43","guid":{"rendered":"https:\/\/www-dev.promar-international.com\/?p=3924"},"modified":"2020-04-18T13:14:43","modified_gmt":"2020-04-18T13:14:43","slug":"a-day-in-the-life-of-a-farm-business-analyst","status":"publish","type":"post","link":"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/","title":{"rendered":"A Day in the Life of a Farm Business Analyst"},"content":{"rendered":"\n

By Laura Putt<\/strong><\/p>\n\n\n\n

As farm businesses face more paperwork and legislation than ever before, the role of a farm business analyst is vital. For me, it\u2019s the best job in the world. I\u2019ve grown up in a farming family and have always known I\u2019ve wanted to be involved in farming. My agricultural degree and my love for being organised made this role a perfect fit!<\/strong><\/p>\n\n\n\n

Arriving on farm<\/h2>\n\n\n\n

Most days you\u2019ll catch me out and about on-farm. Often, the farmer will know you\u2019ve arrived because the farm dog will be running and barking to greet you. You tend to have little defence to those pesky muddy paws when you\u2019re lugging your laptop bag into the farmhouse. For me being a huge dog lover- it\u2019s the best greeting.<\/p>\n\n\n\n

I\u2019ve been with Promar for two years now and I cover farming businesses in the South West Region including Devon, Dorset, Somerset and Cornwall. Travelling is essential for this job therefore I always embark on the country route.<\/p>\n\n\n\n

We do anything from;<\/strong><\/h2>\n\n\n\n
  • VAT Returns,<\/li>
  • Providing support for inspections,<\/li>
  • Monitoring Cashflow<\/li>
  • Bank Payments,<\/li>
  • Management Accounts,<\/li>
  • Payroll,<\/li>
  • and Livestock Records<\/li><\/ul>\n\n\n\n

    For me every day is different!<\/p>\n\n\n\n

    Day to day<\/h2>\n\n\n\n

    Quite often you\u2019ll be battling for the paperwork, but not from the farmer \u2013 generally, the farm cat sat on your big pile of invoices.<\/p>\n\n\n\n

    Often, you\u2019ll catch the farmer having their breakfast after their morning jobs and will have a catch up on all the goings-on from the past few weeks.
    Farm to farm varies a lot, sometimes you\u2019ll arrive with the paperwork perfectly organised into piles of income and expenses and others you spend the first hour of your visit clearing a space for you to set up your laptop and sort the unopened post so you can make sure you have everything to complete the visit.<\/p>\n\n\n\n

    You generally have a few hours to get the paperwork done and it\u2019s completely cleared for another few weeks once we\u2019ve been. It\u2019s a huge weight lifted off the client\u2019s shoulders when the VAT has been submitted and the filing is done.<\/p>\n\n\n\n

    You\u2019ll be offered copious amounts of tea and coffee and you\u2019ll be given all sorts of snacks from chocolate biscuits and fresh pastries from the Aga. I tell you now it\u2019s extremely difficult to maintain a diet in this job. One of my farmers would even offer me ice cream after lunch!<\/p>\n\n\n\n

    Often the visit doesn\u2019t run entirely smoothly, there will be missing invoices and suppliers that may not necessarily balance with a payment. It\u2019s our job to ensure everything reconciles by taking the time to go back through past statements and invoices or phoning the supplier for the missing invoices.<\/p>\n\n\n\n

    It\u2019s always a good feeling when you\u2019re puzzling over why a payment doesn\u2019t match a statement. Then finally working out the farmer has overpaid, and you can save your client some money. Making problem-solving a crucial part of my role, sometimes I am on the farm until 8 pm ensuring livestock numbers are correct.<\/p>\n\n\n\n

    Management Reports<\/h2>\n\n\n\n

    We often leave management reports for our clients, a direct benefit of regularly scheduled visits and accurate inputting on FBA. Reports are specific to individuals\u2019 requirements, and we can run them against last year\u2019s actuals and set budgets. <\/p>\n\n\n\n

    Examples we regularly use include:<\/strong><\/p>\n\n\n\n

    • Cashflow Reports: To carefully follow cashflow needs<\/li>
    • Profit & Loss Reports: Beneficial for Accountants use<\/li>
    • Debtors\/Creditors Report: Split into Ageing Groups and Totals<\/li><\/ul>\n\n\n\n

      Being part of the Promar Team<\/h2>\n\n\n\n

      As a business, we also meet monthly at team meetings with our Promar consultants to discuss ideas moving forward. We meet for training at least once a quarter, this keeps us up to date with HMRC updates and new legislation.<\/p>\n\n\n\n

      Our busiest time of the year is between the months of April and July. In this time, we process most of our year ends. It can be quite challenging alongside maintaining regular visits so it\u2019s extremely important we stay organised.<\/p>\n\n\n\n

      Annual reports and summaries<\/h2>\n\n\n\n

      The Annual Report is a brilliant resource for the farmer to monitor and plan their business.<\/p>\n\n\n\n

      It\u2019s broken down into a business summary reporting financial performance and gross margins for each enterprise. The report can be used by accountants as a one-stop package for the information they require to process the tax accounts. <\/p>\n\n\n\n

      Additionally, the summary can also be used for analysis by the client\u2019s consultant or bank. Therefore, it\u2019s vital the data is accurate so data can be used to its fullest extent. <\/p>\n\n\n\n

      It\u2019s extremely rewarding to be a valued member of any farm business. Especially when it comes to the farm office, quite often clients like to concentrate on what they excel at \u2013 and that\u2019s farming.<\/p>\n\n\n\n

      If you find your paperwork difficult; then take a load off your mind by contacting your local farm business analyst.<\/p>\n","protected":false},"excerpt":{"rendered":"

      By Laura Putt As farm businesses face more paperwork and legislation than ever before, the role of a farm business analyst is vital. For me, it\u2019s the best job in the world. I\u2019ve grown up in a farming family and have always known I\u2019ve wanted to be involved in farming. My agricultural degree and my […]<\/p>\n","protected":false},"author":512,"featured_media":1063,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"abs_type":[7],"pro_group":[],"acf":[],"yoast_head":"\nA Day in the Life of a Farm Business Analyst - Promar Italy DEV<\/title>\n<meta name=\"description\" content=\"As a farm business analyst we often leave management reports for our clients, these reports are specific to individuals\u2019 requirements, and we can run them against last year\u2019s actuals and set budgets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Day in the Life of a Farm Business Analyst\" \/>\n<meta property=\"og:description\" content=\"As a farm business analyst we often leave management reports for our clients, these reports are specific to individuals\u2019 requirements, and we can run them against last year\u2019s actuals and set budgets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"Promar Italy DEV\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-18T13:14:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www-dev.promar-international.com\/it\/wp-content\/uploads\/sites\/80\/2019\/11\/Capture-24-e1588805959432.png\" \/>\n\t<meta property=\"og:image:width\" content=\"530\" \/>\n\t<meta property=\"og:image:height\" content=\"215\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"nehajain\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"nehajain\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\"},\"author\":{\"name\":\"nehajain\",\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/#\/schema\/person\/3d79398358756c6945401c9b48404f6d\"},\"headline\":\"A Day in the Life of a Farm Business Analyst\",\"datePublished\":\"2020-04-18T13:14:43+00:00\",\"dateModified\":\"2020-04-18T13:14:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\"},\"wordCount\":835,\"publisher\":{\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/#organization\"},\"articleSection\":[\"Farm Business Accounts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\",\"url\":\"https:\/\/www-dev.promar-international.com\/it\/a-day-in-the-life-of-a-farm-business-analyst\/\",\"name\":\"A Day in the Life of a Farm Business Analyst - 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