Now that you know how to add your crops to your Growers Edge account and find the best prices for these crops, you need a place to track
your profit and loss. Growers Edge makes
it easy to input your cash transactions, identify which ones have been the most
profitable, and measure your results against the goals you set. Best of all, this can all be accomplished in
one place: Profit Manager.
It’s easy. We will
show you how in 4 simple steps:
1) Sign into your
Grower Edge account and click on Profit Manager tab. Here you will see your production summary
table showing your crops and the best prices for these crops. (We talked about this in our previous blog).
2) Click on the Cash
Transaction tab at the top of the screen.
This will take you to the Cash Transactions menu.
3) Create
a Cash Transaction. Click on Add New
Cash Transaction. Here you can select
your crop you previously entered, the number of bushels you sold, the price you
sold them for, as well as when and where you sold them. Finally, click submit.
4) Read Your
Profit/Loss Statement. To view your
Profit/Loss statement click on the Profit/Loss tab in the top left of the
screen.
Within your Profit/Loss statement, you can see all of the
production and input details of your selected crop (left column). You can also see the value of your sold
bushels including average price per bushel and revenue per acre. You can see your profit margin and how it
compares to your target price per bushel.
This is a great resource for measuring your actual results against the
goals you set at the beginning of the season.
Finally, you can also see your best cash prices for your
remaining unsold bushels (bottom right).
Growers Edge shows you your best price and your local price for these unsold
bushels, enabling you to get the most profit out of your remaining
bushels.
