MNW FFA Chapter
Entrepreneurship Records
Managing an Entrepreneurship SAE Project
You should enter your records any time that money changes hands in your project
Entering Capital items – are items that may be used for several years (Examples breeding livestock, pens, trailers, show equipment)
Choose “Finances” tab at the top of page
Select “Buy, Sell, and Record usage of Capital Items”
Select “Add New”
Fill out blanks on the page
Hints, Acquisition Cost = the price you paid
Salvage Value = What you expect the item to be worth at the end of its useful life
Click Save at the bottom of the page
Entering Incomes and Expenses – For all items that will not last longer than the SAE project (Examples: Feed, seed, market livestock
Choose “Finances” tab at the top of the page
Select “New Cash Income or Expense”
Select “Expenses” if you are paying for items
Select “Income” if you sold something or made money
Enter the date, and vendor (who you bought/sold to)
Select the SAE project and Type of transaction from the drop down menu’s (do not enter project/ transaction type for rows you are not currently using)
Enter in the value of the transaction
Hit Save at the bottom of the page
Entering Non Cash Transactions – For anything that has value but no money changes hands – (Examples your parents let you use their land or equipment because you do work for them. You eat the meat/ produce you grow at home instead of selling it)
Choose “Finances” tab at the top of the page
Select “Non Cash” menu
Select the choice that best indicates what is happening in the project
Fill out all blanks as accurately as possible
Entering Journal Entries – If you want to record the time you spend managing your SAE –These hours do not count as additional income
Choose the “Journal” tab at the top of the page
2. Select “Time in your AET Experiences (SAEs)
Enter the correct date
Select your project from the drop down list
Complete all the blanks and list a description of the work performed and/or what you learned
3. Click Save at the bottom of the page