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How to record a farming loss

funfarmfunfarm Member Posts: 3

Hey,

I have a farm and with contamination or other issues I sometimes loss part, most of, or all of a harvest. That is a loss. How would I record that in Wave? Sorry if this is the wrong question but I am new to this.

in Accounting Technical Support

Comments

  • AlexLAlexL Member Posts: 2,869 ✭✭✭

    Hey @funfarm , welcome to Wave and there's no wrong questions here! As it turns out though, this is somewhat more of a complex accounting question as it really depends on how you're accounting for your crops. You'd be best reaching out to an accountant or CPA who should be able to help you account for this properly.

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