CenterPoint® Accounting for Agriculture
- Performance Measures
Performance measures describe a unit value that is meaningful to you in understanding revenues and expenses associated with production. A performance measure can be thought of as a denominator in a calculation of dollars per some unit, for example; Dollars per Bushel, per Ton, per Acre, Acres from Profit Center Detail, Bushels from Profit Center Detail, etc. Performance measures can be set up using different sources, for example you can choose to set up a performance measure based on crop production detail (this information is based on new crop production and crop inventory adjustment transactions - ), transaction information based on a specific account(s), beginning, ending, or average account balance information, or factor information. Performance measures display at the top of the analysis in the segments that they apply to as a sum.
To setup a crop production detail performance measure:
- Select Reporting Tools > Production Analysis > Performance Measures.
- Click New.
- Under Performance Measure Information, in the Abbreviation box, enter an abbreviation that will help you easily identify the performance measure. For example, $/A for Dollars per Acre.
- In the Name box, enter the name for the performance measure, For example, Dollars per Acre.
- In the Source box, select Crop Production Detail Information.
- In the Displayed Decimals box, set the number of decimal places (0-8) that should display in the production analysis columns from performance measures.
- In the Data Type box, select Quantity 1 (Actual), Quantity 2 (Actual), Quantity 1 (Budget), Quantity 2 (Budget), Acres, Owners Acres, Operator Acres to represent the type of data used in calculating the performance measure value (denominator). If you do not see Acres in the Data Type list, you can select the size; Acres or Hectors in File > Preferences > Crop Settings > General in the Size Label Display box select either Acres or Hectors.
- The Owners Acres data type shows the Owners share of the total Acres associated with one or more Crop Production Center Details, i.e. If a Crop Production Center Detail is configured with a Lease that’s setup with a 75/25 Owner/Operator split and there were 100 Acres total; the Owners Acres Data Type would return 75 Acres.
- The Operators Acres data type shows the Operators share of the total Acres associated with one or more Crop Production Center Details, i.e. If a Crop Production Center Detail is configured with a Lease that’s setup with a 75/25 Owner/Operator split and there were 100 Acres total; the Operators Acres Data Type would return 25 Acres.
- Click Save.
- Click Close.
To display the crop production detail performance measure on the analysis:
- Select Reporting Tools > Production Analysis > Analysis.
- Under Analysis, select an analysis.
- Under Analysis Selections, select Data Displayed.
- Under Selection Criteria, select the performance measure that includes the crop production detail information.
- Click Generate to display the analysis.
To setup a transaction information performance measure:
- Select Reporting Tools > Production Analysis > Analysis.
- Click New.
- Under Performance Measure Information, in the Abbreviation box, enter an abbreviation that will help you easily identify the performance measure. For example, $/Bsl for Dollars per Bushel.
- In the Name box, enter the name for the performance measure, For example, Dollars per Bushel.
- In the Source box, select Transaction Information.
- In the Data Type box, select Quantity 1 to represent the type of data used in calculating the performance measure value (denominator) in our example, Quantity 1.
- In the Filter on box, select Accounts. The list of accounts display. Select the accounts you want to track quantity 1 for, such as the Crop Sales accounts. You will also want to include the Change in Raised Crop Inventory revenue account to include crops stored and not yet sold.
- Click Save.
- Click Close.
To display the transaction information performance measure on the analysis:
- Select Reporting Tools > Production Analysis > Analysis.
- Under Analysis, select an analysis.
- Under Analysis Selections, select Data Displayed.
- Under Selection Criteria, select the performance measure that includes the transaction information. For example, in the example below, select the $ per Bushel check box.
- Click Generate to display the analysis.