If you are working with a primary production farming client, then you'll want to calculate the average cost on their livestock. In this video you'll learn the concepts and method of calculation.

To execute the calculation, download our LodgeiT Smart Excel Utility.

Know how with this Video.

1. Be sure to use an appropriate description/naming convention for the livestock (i.e. sheep, not sheeps)

2. Include currency in Australian dollars as AUD 

3. If you have zero purchases & rations taken, fill as follows -

Note: Ensure the following computational endpoint is selected.

Reference Article: 

How to Access Livestock Calculator in tax return