🎯 Objective
To update the finances section to better reflect the nature of running a diversified farm. Key gaps identified from V1.0:
No ability to
\uD83D\uDCCA Success metrics
Goal | Metric |
|---|---|
\uD83E\uDD14 Assumptions
\uD83C\uDF1F Milestones
\uD83D\uDDD2 Requirements
Requirement | User Story | Importance | Jira Issue | Notes |
|---|---|---|---|---|
Add revenues flow V2.0 | As a farmer I want to be able to record any revenues that help me keep my farm operating so that I can have a holistic view of the profitability of my farm | Highest |
| Finances V1.0 only had a concept for crop sales. This definition needs to be expanded to support other farm-based and non farm-based revenues. |
Add expenses flow V2.0 | As a farmer I want to be able to record any expenses that need to be planned for and paid in order to keep my farm operating so that I can have a holistic view of the profitability of my farm | High | The V1.0 version of this flow has the right information, but no longer fits the updated look and feel of the app. This flow needs a facelift and light tweaks. | |
Manage custom revenue categories | As a farmer I want to be able to add, use, and remove categories of revenues that are useful for my particular operations so that I can accurately mirror and understand my operations financially | High | V1.0 has no concept of non-crop revenues. | |
Manage custom expense categories | As a farmer I want to be able to add, use, and remove categories of expenses that are useful for my particular operations so that I can accurately mirror and understand my operations financially | Medium | V1.0 has an “Other” category that should probably be removed in favour of documenting custom expense categories. | |
Generate income statement | As a farmer I want to be able to generate an income statement so that I can understand if my farm has been profitable over a set timeframe | Highest | Should include revenues, expenses, and gross profit | |
Finances dashboard | As a farmer I want to be able to understand my financial position at a glance when landing on the finances page so that I can quickly understand the financial footing of my operation | Medium | More functional and visual replacement for:  | |
Build a CSA box | As a farmer selling through CSA boxes I want to be able to define the contents of my CSA box so that I can accurately record and attribute revenues for that CSA box to the crops that are included in it | Lowest | Likely needs to be saved as a “template” to be re-used for multiple sales over time. |
\uD83C\uDFA8 User interaction and design
Open Questions
Question | Answer | Date Answered |
|---|---|---|
When you say “income statement” you mean the ability to export a report? Do we want to make it as a statement, meaning we would have expenses a -N and inocme as +N | An income statement means a very specific thing: https://online.hbs.edu/blog/post/income-statement-analysis https://online.hbs.edu/PublishingImages/Company-B-Income-Statement-version2.jpg |
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Is income and revenue the same thing? | Yes; income and revenues are both money coming into the farm. |
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Out of Scope