I am a QBE practitioner and have recently moved to an area where there is a large farming community.
I have been asked if I have experience in doing bookkeeping and accountancy for farmers.
The straight answer is that I don't, but I would be foolish not to get my toe in the water as there is a large potential market here.
So, the questions are -
What are the major differences between farm accounts and any other small business accounts?
Are there any pitfalls or areas of concern I would need to watch out for?
My clients have always been smaller retailers, tradesmen and service providers so this is a new direction.
Any help would be appreciated.
Thanks in advance.