What is the EUDR? The EU Deforestation Regulation (Regulation 2023/1115) requires that certain commodities imported into or exported from the EU — including wood and wood products — must be: 1. Deforestation-free — Produced on land that was not deforested after December 31, 2020 2. Legally harvested — Compliant with all applicable laws in the […]
Read More… from EUDR Compliance Guide for US Timber Companies
What Timber Accounting Actually Involves Before comparing tools, it helps to define the work. Timber accounting for a wood supplier or dealer typically includes: Recording load tickets — Every truck that delivers wood to a mill generates a scale ticket with weight, species, product, and price data Reconciling tickets — Matching your records against the […]
Read More… from TRACT vs Spreadsheets: The True Cost of Manual Timber Accounting
What Does Forestry ERP Software Do? A forestry ERP system handles the operational and financial workflows unique to the timber industry. Core functions include: Load tracking: Record every truckload of timber from origin to destination, capturing species, weight, volume, and GPS coordinates Settlements: Calculate payments to landowners, loggers, and haulers based on contract terms, delivered […]
Accounting can be hard and hearing something audibly is one thing, but seeing it in action is another. In this video we demonstrate how Tickets translate into sales and receivables, what dates are used and how that data gets sent into quickbooks. Now you can be more confident about your closing dates what what your […]
Read More… from How TRACT Sales & Receivables translate to Quickbooks
We recently made some updates to the Products section on TRACT. The main new feature allows you to copy a product and have multiple versions of the same core product. One use case for this is if you want to track different quotas for the same product. The other updates will make managing your products […]
In the realm of forest management, particularly for plots exceeding four hectares, precise location tracking is crucial. This ensures accurate representation of the land in question by including proper boundaries for compliance reporting. If an operator declares excess plots in the due diligence statement, they assume full responsibility for the compliance of all tracked […]
Transform the tedious task of reconciling countless loads with mill statements into a swift, efficient process. Introducing TRACT’s innovative Auto Reconcile feature — a new tool designed to streamline your workflow. This powerful feature effortlessly imports load data and meticulously compares it against the mill’s records. Experience the liberation from the drudgery of manual approvals […]
With this new feature you can manage your loads inventory for a drop site or wood yard before you deliver to the mill. UPDATE: We’ve modified how site inventories are categorized. […]
You can now connect your TRACT account with your Quickbooks company! Whether you are using Quickbooks online or Quickbooks Enterprise / Desktop, we make it simple for you to send income and expenses from TRACT to your accounting software. The functionality focuses on sending statements (expenses) in TRACT to Bills in Quickbooks (complete with […]