Indiana farm accounting that shows which enterprise actually pays.

Farm books don’t look like a typical small business. The first choice is cash vs. accrual — many Indiana farms keep cash books for the tax return but need accrual-adjusted numbers (for inventory, prepaid inputs, and deferred grain) to see real profit. On top of that, the books track each enterprise separately, record government-program and co-op payments correctly, and handle big-iron depreciation. As a top-tier ag state, Indiana farms need books built for agriculture, not a generic chart of accounts. We build all of that into your QuickBooks file so the numbers are real and CPA-ready.

Yes. We keep your cash-basis books for the tax return while producing accrual-adjusted numbers for management and your lender — reflecting grain in the bin, prepaid inputs, and growing livestock — so a great cash year doesn’t hide a shrinking operation. Your CPA files the Schedule F; we make sure the underlying books support both the tax and the management picture.

Yes. Enterprise accounting splits revenue and cost by operation — corn, soybeans, the hog barn, dairy, custom work — so you know which enterprise actually carries the farm instead of guessing from one combined bottom line. That’s what lets you make input, rent, and equipment decisions on real per-enterprise margin.

We maintain a fixed-asset and depreciation schedule for your machinery and coordinate Section 179 and bonus depreciation with your CPA, so big-iron purchases are timed and recorded correctly. We keep the asset detail and the schedule; your CPA makes the depreciation elections on the return. That keeps both the books and the tax outcome clean.

Yes — patronage dividends, deferred-grain settlements, and government-program receipts are recorded correctly in the books so income and the tax picture are accurate. These are easy to misrecord with a generic chart of accounts, which throws off both the financials and the return. We code them to the right accounts and reconcile to the co-op and elevator statements.

A narrower list than “farm use” suggests. Under the Indiana Department of Revenue’s Sales Tax Information Bulletin #9 (June 2025), the agricultural exemptions are limited to animals, feed, seed, plants, fertilizer, pesticides, fungicides, and other tangible personal property and agricultural machinery, tools, and equipment directly used in the direct production of food or commodities sold for human consumption or for further food or commodity production, bought by someone regularly engaged in commercial production for sale. You claim it with Form ST-105, completed for each purchase unless you check the blanket box so the merchant keeps it on file; if you paid tax on an item that was partly exempt, the bulletin points to a refund claim on Form GA-110L. In QuickBooks we code exempt inputs and equipment to their own purchase accounts with the supplier’s ST-105 noted, so a DOR question about an exempt purchase is answered from the books; your CPA confirms what qualifies.

With a cleanup. We untangle commingled family-farm books, separate the entities, fix depreciation and program coding, and reconcile to a succession- and lender-ready baseline — then move into an ongoing close with enterprise reporting. Starting mid-transition is fine; the cleanup is built for it. Prefer to talk first? Call (877) 751-5575 and a client advisor will scope it with you.