Eric Jasinski
speaker
102 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Eric Jasinski’s voice in public audio — every appearance, attributed to the second.
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Yeah. I mean, well, two things come to mind. I think like, like you're talking about, um, within a farm, it's like, you know, I'm row cropping, I have this extra equipment, I'm going to do some custom work and I want to be able to say, all right, like how much is my farm making? Like, I know I can cashflow all these other ways, but I want to know like, what is the actual farm product origin?
And so, you know, that's one way to think about it. I do think like something that you just said that reminded me of it, like, We onboard a ton of farms. We get to know them and talk about their stuff and then like find out, oh, wait, you're a farm, but you are a trucking company or you are a hospitality company or something like that. Right.
And then, you know, that's the nice thing is like so we have categories, categories of what we call incomes and expenses in Ambrook. And so, yeah, I'll get you set up with cold cow sales, red cow sales, elevator sales, whatever it may be.
And then if you want to go have rentals, property income and property insurance and property taxes as categories, like we're not quite so one dimensional that we can't figure out what some good categories might be. I think that's like the nice thing about building bookkeeping software is like this is. this is like a law of physics type thing.
Like it's going to apply to your other, your other situations. And so that's a lot of the category discovery process. And then, you know, like, like we talked about a little bit setting you up. So we got farm categories and we can map those to a schedule F. Right.
And so a lot of folks may, and like, maybe, you know, Tanner, you probably know this, like when you're underwriting a loan or something, you'll say, Hey, let me get three years of your schedule up. And that's 32 boxes, whatever it may be. And there's a model and it can give you a credit score and do all that stuff. great, but that might not be enough for you.
We're trying to fit square pegs into round holes here. With Ambrose, you can both run your business with the categories that you actually need, get that Schedule F box filled out, and something that you didn't see because it didn't come up is we do the same thing with Schedule C. It's like, I have a farm enterprise here. Here are my categories. Here's my Schedule F mapping.
I run that rental business. Here's my Schedule C mapping. So on and so forth. That's what we do today because those are the biggest overlaps that we see in the market right now, but The foundation's there. It's easy to imagine. Additional forms, additional mappings, and things like that.
No, we do not do that. The way we think about it is if you think about maybe a typical meeting with the CPA or the way you're prepping for the year, maybe it's three meetings. Here's my shoebox. Okay, here, let me answer all these questions you have about my shoebox. Third meeting is like, okay, here's your filings.
Maybe we can cut a meeting down or something and knock a little hours off the bill or something like that, save some back and forth. Just one of the ways we think about it.
Yeah. So, um, what it doesn't mean is like, I'm not going to geofence it like Google maps sort of set it up that way, but, um, you have an enterprise tag. We talk about tags as different ways you might want to cut your data. And location is a thing that we support. And so you can tell us about your field, tell us how many acres it is. You can put an address in. We don't do anything with it.
But maybe if you forget, you can just check Ambrook for your directions or something like that. But I think a lot of that comes back down to benchmarking too. So you can establish a field, you can tell us about a location, and you can allocate income to that field. You can Expense to that field to make it really easy to split like a utility bill or water bill across the field.
And then the last thing you can do in addition to telling us acreage is tell us output. So you can be like field A, acres X, bushels Y or something like that. Right. And what that's going to do is get you a benchmark for. How many dollars do I have to spend to grow a bushel per acre I want to maintain? So then maybe you're thinking about leasing a new land or something like that.
And you think about what's my carrying capacity? What can I afford? How much money do I have? What are my next steps? And so having the ability to say, this is my per acre, per location type of profitability is really the first step in starting to think about that decision.
Yeah, I mean, no, totally. I think like, listen, if I could snap a finger and have every bank in the world do it, do an automatic sync, that would be great. And then a bunch of people would just be, you know, saving one step on the bookkeeping, I think, to your point, like with regards to the transaction port. and try to make that as seamless as possible.
And like, back to your other question, you know, call your bank, tell them you want to use Ambrook and we'll be happy to get on the phone with them and we'll, we'll work it out with their team directly. If we have to, like, we would be, we would be all the happier to do that.
But, you know, obviously there's a lot of banks in the world and it's going to take a lot of phone calls to, to do something like that. So we do have the transaction import, which is good. If you, you know, do it once a month, there's, you can split the workload up and like, you got a whole year done in an hour. And so you can imagine maybe if that was, a smaller bite size thing.
And then we have other ways that some folks like to, like to go about it. I think like the interesting thing when you're coming off of pen and paper is like, some folks are used to writing down in their checkbook, like check X for this purchase. Right.
And like, if we can just change that habit and have your register be on Ambrook, you're getting the same input, but you're getting output that lasts and can be reviewed later. Or, you know, maybe you just want to snap a picture of a receipt and have a transaction generated from that receipt. You get two birds with one stone. And so yeah,
Yeah, I mean, listen, every bank in the world would be great. In the meantime, we're basically just trying to make sure that there are as many ways to get that data in and have that for reference later as we can think of.
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