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Farm Accounting Software


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Intacct logo
 
Intacct is well-known in the online accounting industry and can support small to mid-sized agricultural firms.
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Intacct is well-known in the online accounting industry and can support small to mid-sized agricultural firms.
 
Multiview Enterprise .NET n10 logo
 
Multiview offers a financial solution flexible enough to deliver the functionality needed for finance management in the agriculture & farming industry. Sophisticated, affordable, backed by a commitment to customer satisfaction.
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Multiview offers a financial solution flexible enough to deliver the functionality needed for finance management in the agriculture & farming industry. Sophisticated, affordable, backed by a commitment to customer satisfaction.
 
Cougar Mountain DENALI logo
 
Denali Accounting Software works for a variety of industries, but is ideal for nonprofits, governments and point-of-sale businesses. Available as either a Web-based or on-premise system, it's a great match for SMBs.
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Denali Accounting Software works for a variety of industries, but is ideal for nonprofits, governments and point-of-sale businesses. Available as either a Web-based or on-premise system, it's a great match for SMBs.
 
NetSuite logo
 
NetSuite has several inventory management features that are useful for small to medium-sized agricultural companies. The system can track lot numbers, perform serial tracking and forecast demand based on historical data points.
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NetSuite has several inventory management features that are useful for small to medium-sized agricultural companies. The system can track lot numbers, perform serial tracking and forecast demand based on historical data points.
 
Sage Live logo
 
Sage Live is a web-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More
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Sage Live is a web-based and mobile ready accounting platform for small and mid-sized businesses. Key features include multi-company, multi-currency, and multi-legislation support, personalization based on user role, bank integration,... Read More

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Sage 100 Standard and Advanced ERP (formerly Sage ERP MAS 90 and 200) logo
 
Streamline core financial and business management operations with Sage 100 Standard and Advanced ERP. Ideal for farms and agriculture businesses. Modules include accounts payable/receivable, general ledger, eFiling, and more.
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Streamline core financial and business management operations with Sage 100 Standard and Advanced ERP. Ideal for farms and agriculture businesses. Modules include accounts payable/receivable, general ledger, eFiling, and more.
 
SAP Anywhere logo
 
SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More
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SAP Anywhere integrates sales, marketing, e-commerce, and inventory activities into one complete front-office system. With SAP Anywhere users can manage and track inventory, manage orders, manage the procurement process, and more.... Read More
 
Series4000 logo
 
Real Asset Management (RAM) is a complete fixed asset solution designed for small to mid-sized businesses including farming and agriculture. The vendor has 3000 clients in 70 countries building a customer base across the world.
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Real Asset Management (RAM) is a complete fixed asset solution designed for small to mid-sized businesses including farming and agriculture. The vendor has 3000 clients in 70 countries building a customer base across the world.
 
Microsoft Dynamics AX logo
 
Microsoft Dynamics AX offers agricultural and farming companies more than accounting software. ERP functionality includes inventory control, warehouse management, transportation management, quality assurance, and more.
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Microsoft Dynamics AX offers agricultural and farming companies more than accounting software. ERP functionality includes inventory control, warehouse management, transportation management, quality assurance, and more.
 
Exact Macola logo
 
Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.
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Exact Macola includes over 20 modules to assist with manufacturing, distribution and accounting, including PLM, AP/AR, MRP, MES and more. Additional EDI and e-commerce functionality is available from Exact.

Call us for a free FastStart Consultation: +1 888 918 2748


 
Acumatica ERP logo
 
Acumatica ERP delivers adaptable cloud and mobile technology with a comprehensive user licensing model, enabling a complete, real time view of a business anytime and from any location. Through a worldwide network of partners, Acumatica... Read More
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Acumatica ERP delivers adaptable cloud and mobile technology with a comprehensive user licensing model, enabling a complete, real time view of a business anytime and from any location. Through a worldwide network of partners, Acumatica... Read More
 
FinancialForce Financial Management logo
 
FinancialForce Financial Management (FM) is a cloud-based system built to provide a complete financial management solution for sales and services-orientated companies of all sizes. FinancialForce FM has several inherent applications,... Read More
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FinancialForce Financial Management (FM) is a cloud-based system built to provide a complete financial management solution for sales and services-orientated companies of all sizes. FinancialForce FM has several inherent applications,... Read More
 
Oracle JD Edwards logo
 
JD Edwards is one of the best-known names in enterprise software with more than 30 years of industry experience. EnterpriseOne supports small farms as well as large agribusiness operations with either on-premise or web deployment.
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JD Edwards is one of the best-known names in enterprise software with more than 30 years of industry experience. EnterpriseOne supports small farms as well as large agribusiness operations with either on-premise or web deployment.
 
SAP Business One logo
 
Because SAP Business One is a comprehensive solution with warehouse management capabilities, it is a good choice for farms and ranches needing to organize their production and track their finances.
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Because SAP Business One is a comprehensive solution with warehouse management capabilities, it is a good choice for farms and ranches needing to organize their production and track their finances.
 
Xledger logo
 
Xledger is an automated and scalable cloud-based accounting/ERP solution for medium- to large sized companies and is designed to provide insight and analytics for decision-makers. The system is an out-of-box solution that is configurable... Read More
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Xledger is an automated and scalable cloud-based accounting/ERP solution for medium- to large sized companies and is designed to provide insight and analytics for decision-makers. The system is an out-of-box solution that is configurable... Read More

Call us for a free FastStart Consultation: +1 888 918 2748


 
UNIT4 Financials logo
 
UNIT4 Financials management software provides core accounting and financial process automation to farms and agricultural businesses, including real-time visibility of core metrics such as accounts receivable and payable.
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UNIT4 Financials management software provides core accounting and financial process automation to farms and agricultural businesses, including real-time visibility of core metrics such as accounts receivable and payable.
 
VersAccounts Small Business Cloud ERP logo
 
VersAccounts is a web-based accounting and enterprise resource planning (ERP) system designed for growing small and midsized businesses looking to gain real-time financial and operational insights. This Cloud 2.0 system enables businesses... Read More
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VersAccounts is a web-based accounting and enterprise resource planning (ERP) system designed for growing small and midsized businesses looking to gain real-time financial and operational insights. This Cloud 2.0 system enables businesses... Read More
 
Sage 300 ERP (formerly Sage ERP Accpac) logo
 
Sage 300 ERP is a flexible ERP system that is adaptable across many industries, including architecture. It offers the business management capabilities you need and scalable functionality that grows as you do.
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Sage 300 ERP is a flexible ERP system that is adaptable across many industries, including architecture. It offers the business management capabilities you need and scalable functionality that grows as you do.
 
Microsoft Dynamics GP logo
 
Microsoft Dynamics GP is suited for larger farming enterprises, such as corporate farms and agribusinesses. It can help with both project and general accounting, with a focus on asset management.
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Microsoft Dynamics GP is suited for larger farming enterprises, such as corporate farms and agribusinesses. It can help with both project and general accounting, with a focus on asset management.
 
Infor SunSystems logo
 
Infor SunSystems is an integrated financial management, purchasing, inventory and sales management solution. It is used by more than than 9,000 customers in over 190 countries worldwide. Offered in multiple languages and currencies,... Read More
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Infor SunSystems is an integrated financial management, purchasing, inventory and sales management solution. It is used by more than than 9,000 customers in over 190 countries worldwide. Offered in multiple languages and currencies,... Read More
 

Buyer's Guide

by Eileen O'Loughlin,
Market Research Associate
Last Updated: April 22, 2017


If you’re a farmer, the last thing you want to worry about is making sure your books are accurate and up-to-date. Unfortunately, in the face of growing production demands, dwindling resources and increasing costs, keeping track of every bag of feed and piece of machinery is becoming more vital than ever to not only properly budget for the months and years ahead, but to also take full advantage of valuable government subsidies and tax deductions.

Making matters worse, manual accounting methods like pen and paper or Excel spreadsheets can be incredibly time-consuming and riddled with errors. Hiring an external accountant is also not a viable solution if you can’t afford one. What can you do?

Enter agriculture and farm accounting software—systems built with the specific needs of farms, ranches and other agricultural businesses in mind.

If you’re researching this type of accounting software for the very first time, or simply overwhelmed by the different options and configurations available, this Software Advice Buyer’s Guide is here to help.

Here’s what we’ll cover:

What Is Agriculture-Specific Software?
Common Features of Agriculture and Farm Accounting Software
How Much Does Farm Accounting Software Cost?
What Type of Buyer Are You?
Evaluating Agriculture Accounting Programs

What Is Agriculture and Farm Accounting Software?

If you’re a farm, ranch or other agricultural entity, you need accounting software that has more functionality than what’s found in a basic system.

For example, you need to be able to track inventory for perishables and livestock, including births, deaths, birth weights, weaning weights and more. You also need to be able to keep track of inventory in multiple units of measurement depending on the type of crop or commodity you’re selling. If you have more than one farm or plot, these needs are magnified tenfold.

With features for things like inventory management, asset depreciation, purchase orders and budgeting, agriculture and farm accounting software is designed to cater to these specific needs.

Project Center screenshot in BillQuick

Project Center screenshot in BillQuick

Common Features of Agriculture and Farm Accounting Software

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

Crop/livestock inventory management Agricultural software should track the additional data needed for farms and ranches, including seeds planted, fertilizers and chemicals used, livestock parents/birth weights etc. This will in turn support PTI compliance and feed into the sales and grower accounting systems.
Warehouse management Farming accounting software should also manage the inventory for fertilizers, chemicals, seeds, heavy equipment, the receiving, pallet and case labeling, re-packing and pick ticket management.
Ag ratio analysis Grower reports analyze the percentage of crops planted to yield produced, so you can price accordingly, identify best practices and increase yields for future seasons.
Breeding & growing calendars Agriculture is a highly seasonal industry, and so much depends on the time of year, the age of the animal or crop and the products used to support its growth. A farming software solution may include a calendar to track actions like planting, fertilizing, spraying for pests, harvesting, gestation, births, weaning etc.

How Much Does Farm Accounting Software Cost?

Budgeting properly for farm accounting software is just as important as finding the right system, so buyers need to ensure that they know all of the costs associated with their farm accounting software, and when they must be paid, beforehand. Here are some typical accounting software pricing models that you will run into during your research:

  • Perpetual license. With these products, you pay one cost upfront and own the software for as long as you want to use it. These systems are almost always on-premise systems that you install directly onto a computer or server, which are becoming increasingly rare due to the growth in popularity of web-based products.
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  • Flat subscription fee. More common among smaller accounting offerings, buyers here pay a flat monthly or annual subscription fee to use the software. Some vendors have one set fee for their accounting system, while others have different tiers with a higher fee as you add more functionality.
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  • Contingent subscription fee. Buyers here also pay a monthly or annual subscription fee, but this fee is contingent on how many users are going to be in the system or how many employees are going to be paid through a payroll module.

Besides the license cost, there may be also be fees for implementation, maintenance, training and data migration. Be sure to ask each farm accounting software vendor about their specific pricing model.

What Type of Buyer Are You?

Before evaluating your options, you must determine what type of buyer you are. We’ve found that more than 90 percent of buyers fall into one of these three categories:

Small business buyers. These small farms are on the verge of upgrading basic systems, like QuickBooks, to support more sophisticated agriculture-specific functions like forecasting, product management and ratio analysis. As ranches and agriculture entities reach a certain size and require advanced functionality to grow, businesses will need to upgrade their systems.

Enterprise buyers. These buyers represent farms and agriculture organizations that need the functionality of a full enterprise resource planning (ERP) suite for a large entity. Seamless integration is usually more important than specific features; however, there is considerable differentiation in both of these areas, and buyers should examine both. Sage and Microsoft Dynamics are two of the largest vendors for ERP and offer sophisticated systems.

Best-of-breed buyers. These buyers need stand-alone software solutions for specific functions. For instance, while agriculture organizations need systems for core functions like payroll, they also need programs with specific features for inventory management or crop/livestock ratio analysis. These buyers may seek a product that has deep functionality in one of these application areas rather than a full financial planning suite.

Evaluating Agriculture Accounting Programs

Agriculture-specific solutions 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 solutions package will also come equipped with farm industry standard ratios to gauge financial efficiency with respect to the agriculture industry.

When evaluating these systems, buyers should consider the following:

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

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