Bookkeeping

Timber Depletion and Land Cost Basis: Bookkeeping for Mills That Harvest Their Own Logs

How mills that harvest their own timber should split land and timber basis, calculate cost depletion per unit, and...

Bookkeeping

Common Bookkeeping Mistakes at Lumber Mills and How to Avoid Them

Commingled log checks, missing depreciation, and freight posted to the wrong account quietly distort a mill's books....

Bookkeeping

How to Set Up Double-Entry Bookkeeping for a Small Sawmill: A Beginner's Chart of Accounts

Double-entry bookkeeping for a small sawmill starts with the right chart of accounts: log and lumber inventory,...