Leaving the financials to OBT means the Reck family can make hay (not only when the sun shines).
Speak with Reck Family Farms’ Leanne Reck and you soon realise she is a one-woman dynamo.
Not only does Leanne keep the books for the family’s Clarendon hay business, but she does the same for two other family businesses as well!
Leanne and husband Bradley moved back to the Lockyer Valley in the mid 1990s to form a dairy farming partnership with Bradley’s parents. Over the years not only has the farm changed but the business has undergone a series of transitions, the latest being a new name and a son joining the family business.
It keeps the family bookkeeper well and truly on her toes. So it’s a good thing that Leanne has OBT Financial Group to fall back on whenever she has accounting queries.
“Dairy deregulation forced us to diversify so we started doing hay in large square bales. That side of the business built up to a point where we closed the dairy and now focus solely on the hay production,” says Leanne. “Our son Christopher qualified as a diesel mechanic and has been back with us for a year now – he’s a great addition to the business.”
“We sell everything we grow but we also need to anticipate future orders. It’s a fine balance but we have a large shed for storage which is an advantage.”
It seems the Recks are getting the balance right with forage sorghum customers from as far away as Beenleigh and Dayboro and Dalby.
They also grow some barley and lucerne as well as provide cartage so having a diesel mechanic on hand is a bonus. For Leanne that means processing their BAS, preparing financial statements, paying creditors and doing bank reconciliations, which she has down to a fine art but she does have to switch from using Quicken to MYOB, depending on which business’ books she is doing at any given time.
“I ring OBT with any problems so Rachel Bichel is a blessing,” says Leanne. “And I send our data files to her via Dropbox or DropSend which is very handy since we cannot move to cloud accounting yet due to Internet limitations in our area.”
“Until I started having to deal with other accountants I didn’t realise how good we have it with OBT. They are always so approachable and Brett always replies to my emails in the same day which makes us appreciate OBT all the more.”
OBT has also been on hand for special projects on which the farming family business has needed extra advice.
The Recks recently bought a neighbouring farm and are renovating the property so the next generation can move in. It means they have expanded their crop holding and have new equipment to increase production. “We have a new irrigator and one of the few self-propelled mowers in the district so we’re looking for a return on investment there, but it also means our final product is of a higher standard which is a plus for our customers” says Leanne.
“At one point we were worried about facing a huge tax bill after a bumper crop, so I ran the numbers past Rachel and found that we could mitigate what was looking like a nasty tax bill with structuring and strategic tax advice.”
“We want a good accountant who knows the rules and who can save us tax, and that’s what we get with OBT. Brett has been working on succession planning with us which is an ongoing thing,” says Leanne.
There is also a session of MYOB training on the cards, with Leanne tapping into Rachel’s expertise.
Outside of Reck Family Farms you’ll find Leanne in her teacher aide library role at one of the local primary schools one day a week, which she loves. She is passionate about childhood literacy and making reading interesting to her young charges. Leanne is equally busy with her own young grandchildren who get to enjoy their days on the farm with a few head of cattle, tractor rides and lots of cuddles.