I am a snake breeder, and would like to know how to accurately capture breeders I have that I myself produced.
I could be wrong here, if so let me know.
I record my transactions of purchasing snakes as a Fixed Asset. Which is all fine and dandy. But how do i record breeders that i produced myself. For instance, say one year i hold back 5 babies to grow out and use as breeders. Shouldn't i record that in my Fixed Assets somehow, or as Capital. Something? To reflect what my business has. This probably wont much matter for things like taxes, again i dont know...but im thinking for things like showing reports if i want to get a business loan or something and need to show how much capital I have, etc.
