Agriculture & Farm Accounting Software

What is Agriculture and Farm Accounting Software?

Farms, ranches and other agricultural entities have unique accounting requirements that require more criteria than basic accounting software. For example, perishable or livestock inventory must be tracked within agricultural accounting software packages, including births, deaths, birth weights, and weaning weights. It should also be able to keep track of inventory in multiple units of measurement depending on the type of crop or commodity. Multiple farms can often be tracked within the same software package for larger-scale operations.

Agriculture-Specific Functionality

As well as the core accounting modules like payroll, accounts receivable and accounts payable, agriculture accounting software may have some or all of the following features:

Evaluating Agriculture Accounting Software

Agriculture accounting software should be able to handle the wide variety of agriculture costs. Providing crop break-even analysis in consideration of fertilizer, chemicals, seed, and rent on land by individual field, acre or bushel is crucial for a precise agricultural accounting resource. The appropriate software package will also come equipped with farm industry standard ratios to gauge financial efficiency with respect to the agriculture industry.

When evaluating agriculture and farm accounting software, buyers should consider the following:

• Does the software support agricultural inventory types?
• Are the appropriate industry standard ratios included in the software?
• How many different farm operations can the software support?
• Can the software forecast based on hypothetical environmental conditions?

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