Tax Reports (Schedule F)
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Herd Manager groups the income and expenses you've logged into the categories a US farm tax return uses, so tax time is a review rather than an archaeology project.
This is a summary of what you entered, organized helpfully. It isn't tax advice, it isn't a filed return, and it doesn't know your situation. Farm tax rules — hobby-loss rules, depreciation, whether your operation qualifies as a business at all — are genuinely complicated and worth a professional. Take this to your preparer; don't take it as a substitute for one.
What It Produces
Income and expenses for a selected year, grouped by category, with totals. The categories follow Schedule F conventions, which is what most US farm preparers expect.
Getting Useful Output
The report is only as good as the categorization underneath it:
- Categorize as you go. Assigning a category when you enter an expense takes seconds; reconstructing three hundred of them in March does not.
- Be consistent. Feed logged sometimes as "Feed" and sometimes as "Supplies" splits one real number across two lines.
- Record income too. Goat sales, stud fees, milk, and value-added products — the report is a net picture and only works with both sides.
What It Doesn't Handle
- Depreciation on equipment, buildings, or breeding stock
- Inventory accounting for animals held for sale
- Personal-use adjustments where farm goods went to your own household
All three are real parts of a farm return and all three are decisions rather than calculations. Your preparer will ask.
Exporting
Export the summary for your preparer, or print it. Backing records stay in the app if anyone needs the detail behind a line.