Austin Duerfeldt is the Southeast District Agricultural Economist Extension Educator specializing in accounting, financial analysis and taxation. His office is at the Kimmel Education and Research Center in Nebraska City. Duerfeldt has a BS in public accounting with a minor in agricultural business and an MBA with an emphasis on agricultural economics. He served as Richardson County Treasurer from 2012 to 2017.
Constructive receipts, as provided by US Internal Revenue Service code, provide a means for time-sensitive accounting to address transactions crossing over two record-keeping periods. Here's how to correctly use this accounting option.
From buying new equipment to countering your kid’s request to stay up another 20 minutes, everyone negotiates. Learn these tips for applying the Ackerman Bargaining Method in everyday negotiations to achieve your goals.
Do you have boxes and boxes of receipts, invoices and paperwork associated with your farm business? Consider increasing their usability by scanning them to create digital records that easily store and search out on your computer. Here's how.
Austin Duerfeldt brings experience in crop production, financial management, and public service to his new position as Agricultural Economist Educator for Nebraska Extension in southeast Nebraska. He specializes in farm accounting, financial analysis, and taxation.
An article from the Proceedings of the 2018 Nebraska Extension Crop Production Clinics, it explores how cash flow statements and budgets are a crucial part of the farm and ranch business financial management, allowing farm and ranch managers to track the actual inflows and outflows of cash.