Once you have your fishing business off the ground, determining how your costs are measuring up against your income becomes a top priority. Alaska Sea Grant has developed an Excel spreadsheet tool specifically for Alaska fishermen to help do this. (Note: you need Microsoft Excel to use this tool.)
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Effective management of a commercial fishing business is based on complete annual data (expenses, income, taxes), a record-keeping system, and accurate accounting and financial statements. Once these systems are in place, a snapshot of your business financial status is at your fingertips, and you can work more effectively on your own or with other professionals to tackle more complex business decisions.
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Fish tickets are a primary source of financial and management data for your operation. Transferring ticket information to a spreadsheet helps track relative poundage of different species, sets the stage for other data such as crew shares, and serves as a crosscheck for processor year-end statements.
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