Bevan Condin is an accountant at Baker Tilly Staples Rodway in Hawke's Bay. He works with farming families at one of the biggest moments in their business: handing the farm to the next generation.
“Often the financial side of farm succession is the last piece of information handed to young farmers taking over the family farm. And yet this is the piece that can be the most daunting.”
A confident start for Lucy and Tim
When Lucy and Tim Mouat took on Springvale Station, Bevan helped them get on top of the numbers from the start.
“Farm Focus has been a fantastic tool for Lucy and Tim Mouat because the software helped them manage the financial side of their farm with relative ease right from day one.”
With Farm Focus they built a budgeted cashflow and could see how each decision would affect expected profit and estimated tax. They could also keep a close eye on their bank balance to make sure they stayed on track.
Real-time information for advisers
For Bevan, up-to-date information matters just as much on the adviser's side.
“Current information is also key for us as advisers, and this is where Farm Focus delivers for us too.”
The Livestock Monitoring Report keeps a record of stock tallies, and the Invoice Scanner saves invoices and helps clients match them to bank payments. Nobody loses time chasing missing invoices or receipts.
Fewer questions for the farmer
“As advisers it is much easier and convenient for us when our farming clients are using products such as Farm Focus. We have access to their real-time financial information that helps with decision making and the data we need is stored in the system, which helps with our report preparations.”
“With Farm Focus we don't have to bother our farmers with ‘our accountant questions’ because the information is there where we can retrieve it.”
A plan they can work towards
“The benefits of having a financial plan and real-time information are invaluable when it comes to making decisions. Farm Focus has given Lucy and Tim control over on-farm decisions and helped them identify financial goals they could target.”
“It has been great to have supported them in the preparation of their Farm Plan and now on their Farm Focus journey.”
