Our Accredited Partner Programme is designed to recognise those accounting firms we regard as experts in the agricultural sector. They have demonstrated outstanding knowledge of Cashmanager RURAL, and can help add value to your farming business. In this blog we profile BDO Taranaki.
BDO Taranaki has a local team of 70, based in New Plymouth, including six Principals and 20 Chartered Accountants, providing advice and support for over 3500 taxpayers.
We are a full service accounting and advisory firm, providing core accounting, tax and audit services. Within the wider BDO national network, we also have access to specialist services, including corporate finance, business recovery and information system advice.
Locally, we have in-house expertise in accounting software, payroll, human resources, trust administration and, of course, everything agri-business.
Our large client base spans a vast cross-section of many different industries, including some of Taranaki’s most iconic businesses in the oil and gas, rural, engineering, commercial, not-for-profit and professional services fields. We support local farming organisations like Federated Farmers, Taranaki Rural Support Trust and the Coastal Rugby Club dairy farm.
Dairy farming is BDO Taranaki’s dominant sector with over 40% of our clients involved, in differing capacities, in the dairy industry. We act for a huge variety of farming businesses and structures, from small and large family farms through to equity partnerships and trusts.
We excel at creating strong relationships with clients who are seeking a combination of technical excellence with a specialised range of services. We treat our client’s business as if it were our own – we solve problems, open doors and come up with new ideas to get the job done. We also take our advisory role seriously. We wish to be a trusted adviser that our clients can relate to and understand, providing simple, uncomplicated answers to complex issues.
Our long standing relationship with agri-business has helped us develop the expertise to meet the challenges, as well as embrace the opportunities, in the sector.
One of the main benefits we see with Cashmanager RURAL is being online. It is easy for us to answer any queries, as we can go into the software and see exactly what our client is seeing.
Online access is also especially helpful around calving season, when our clients are super busy on farm, as we can help take the pressure off by completing GST returns for them.
We find the cashflow reporting to be the most useful tool, we can run off cashflow and budget reports quickly and go into as much detail as required. Entering budgeted information is nice and easy and there is the added benefit of having a direct link to Fonterra’s milk prices, which is always kept up-to-date.
Another feature we find useful is the stock tracker, with it updating as the client is purchasing and selling livestock, the end of year stock reconciliation becomes a breeze!
BDO Taranaki became a Cashmanager RURAL accredited partner so our staff could grow their knowledge of the software. This enables us to assist our clients when they have queries and for us to help them use the software effectively.