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ABC-FaRMS
Financial and Record Management Service
Knowing where your money is going is the key to your
success.

What does ABC-FaRMS do?
ABC-FaRMS is a service created to keep track of all your income and
expenses as well as helping you analyze your operation monthly and
quarterly. Knowing where your money is going is the key to your
success. Keeping track of income and expenses will help you stay
within your planned budget for the year. When expenses are more
than you had planned to spend at any single time in the year you will
have the option to adjust and make wise decisions and maybe be able
to get back on track and still stay within your planned budget. This will
avoid a carryover into the next year. Keeping track of income and
expenses also helps prepare you for next year’s loan application and
prepare your income taxes for the year, helping you account for all
expenses and reducing annual taxes you have to pay.

How much does it Cost?
Cost is minimal in comparison to avoiding any carryover at the bank
or avoiding the hassles of delaying any new loan for next year’s
operation. Cost is figured based on the size of your operation using
the last three month of bank statements to determine the cost for your
particular farm operation. The cost is figured using an average
number of transactions plus a minimum flat fee per month.

What about Loan Applications?
ABC-FaRMS has experience in preparing FSA Direct, Guaranteed
and Emergency loan applications. Plus experience in working with
other Government Agencies and performing equipment appraisals.
We will work with any lender whom you are presently working with in
your farming or ranching operation as well.