Teagasc Profit Monitor
By availing of the full IFAC service you can complete your Teasgasc profit monitor on-line.
Completing your Profit Monitor using the IFAC system is simple, educational and a valuable asset to managing your farm business.
Shortly after accounts year end, our Recorder will complete your book-keeping file. This file will then be copied to the IFAC website and through a password, you will access your accounts data to complete the Teagasc Profit monitor input sheet.
You do not have to enter any accounts data, your Profit Monitor is created and completed by an IFAC Program using the data collected by your recorder. The following example demonstrates how easy it is for a member to create his/her Profit Monitor
We will assume you are completing a Dairy Profit Monitor and your Veterinary costs are €3550 for the year. The Veterinary cost of €3550 is calculated by the system and entered under the Profit Monitor heading - Stock
|Optional Enterprise Breakdown|
|Veterinary||Stock €||Dairy €||Repl. €||Cattle €||Sheep €|
|€3550||€ 2900||€400||€ 250|
Your only input is to view the data and enter (if you wish) an enterprise breakdown. After completing the Profit Monitor it may be printed and forwarded to Teagasc for processing. The reports produced by Teagasc will accurately reflect your business as the data used to produce the reports have been entered by a professional book-keeper and validated by IFAC staff.