• Livestock Glossary

    Term Definition
    Actual An actual sale or purchase of livestock. This information is always captured in the Transaction screen to reflect what happened at the bank.
    Ageing The number of stock that, as at balance date, will be aged out of one stock class into another, ready for the start of the next financial year.
    Births The number of animals born into a stock class.
    Budget Record opening stock numbers, planned purchases and sales and other stock movements i.e. deaths and missing to identify numbers and stock units month by month.
    Category Or Stock Category. Normally a species of animal, but may also be a different class of the same species, such as stud cattle as opposed to the commercial herd. Or on a dairy farm – separate herds.
    Deaths and missing Stock that has died, or stock that cannot be accounted for.
    EFS Economic Farm Surplus. EFS is a measure of farm profit. It is Farm Income less standard Farm Working Expenses after selected Adjustments (such as depreciation). Mortgage interest is not included in Farm Working Expenses.
    Grid The monthly view provides livestock values in a grid. The grid represents stock classes as rows and the months being columns.
    Killed Stock killed for personal use.
    Livestock Reconciliation Livestock reconciliation (stock reconciliation or stock rec) is the matching of all documented livestock transactions to the physical paddock records within a financial year. That is: Opening Numbers, Births, Stock purchased, Stock sold, Killed, Deaths and Missing, Transfers in/out, Year-end Numbers, Ageing Out/In, Year-end Numbers, Ageing Out/In, Next Year's Opening Numbers, Opening and Closing Stock Units.
    OFS Operating Farm Surplus. OFS is Economic Farm Surplus (EFS) less interest.
    Revision A revision is the combination of actual transactions (sales and purchases) to a specific date plus budget figures for the remainder of the year.
    Stock Category As per the definition for Category above.
    Stock Class Within each category, stock class represents an age group or type of stock. For example, for the category sheep, stock classes are: MA ewes, 2th ewes, ewe hoggets, sale lambs, hoggets, wethers and sires.
    Tick box A tick box (tickbox, checkbox, or check box) is a tool that allows the user to make multiple selections from a number of options, or to have the user answer yes (ticked) or no (not ticked) on a simple yes/no question.
    Toolbar 0_1473317856411_Screen Shot 2016-09-08 at 6.57.12 PM.png A toolbar contains a group of frequently used buttons, icons, and menus suitably located for quick reference.
    Transfers The transfer of stock between classes within the same livestock reconciliation. Every transfer out must be matched with a transfer in. Common use is where in-calf heifers are separated from dry heifers or where some mixed age ewes are transferred to a cast for age class. Transferring between enterprises is another use, but if their value is included a better technique is to create sales and purchase records.
    User A user in this context is a person who uses Cashmanager RURAL.
    WYSIWYG An acronym. ‘What you see is what you get!’

  • Comments