The Best Farm Accounting Software

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TransAction Plus Screenshot

TransAction Plus

TransAction Plus is a flexible, expandable accounting platform specifically designed for agricultural producers. This solution can be used by sole proprietors or complex crop and livestock enterprises. The financial core module links with A/P, A/R, payroll, production modules, E.CLIPSE activity-based costing and electronic document management. TransAction Plus also tightly integrates with crop and livestock production and inventory modules. Multi-dimensional coding (ledger
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Windows, Web
Deployment
Cloud or On-Premises
TraxView Screenshot

TraxView

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TraxView is a farm accounting software with general ledger, accounts receivable, payroll, and commodity accounting modules. It provides a comprehensive solution for tracking and managing agricultural operations. TraxView’s ability to handle a wide range of business functions from financials to inventory and production makes it a valuable tool for agribusinesses.
Client OS
Windows
Deployment
Cloud Hosted
CenterPoint Accounting Software for Agriculture Screenshot

CenterPoint Accounting Software for Agriculture

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CenterPoint Accounting Software for Agriculture is a full financial management and ERP software. Users can manage costs on a per-unit basis with features like detailed crop and livestock production analysis. The software supports customizable reporting and advanced financial analysis, including ratio analysis with benchmarking against industry standards.
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Windows
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Cloud Hosted
Feedlot Solutions Screenshot

Feedlot Solutions

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Feedlot Solutions (FLS) is a combination of programs that help manage your feeding operation for livestock. ViewTrak provides three main programs within Feedlot Solutions, such as Feed Bunk Solutions (FBS) and Cattle Medical System (CMS). These can be used independently or complete each other. Feedlot Solutions provides a complete management system of your feedlot so you can monitor your financials and get up to date information for your lots. Inventory; Invoicing; Statements; and Reports.
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Starting Price
$899 (perpetual license)
Client OS
Windows
Deployment
On-Premises
The Farmer's Office Screenshot

The Farmer's Office

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The Farmer’s Office is a farm accounting software that allows detailed tracking and analysis of expenses and income by cost center and crop year. The software also supports customized invoicing, payment tracking, and extensive budgeting capabilities, making it a good tool for financial management in farming.
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Windows
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On-Premises
Agrisoft Screenshot

Agrisoft

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Agrisoft Seed to Sale software stands out for its centralized management system that handles various business aspects, including plant and inventory management, point-of-sale transactions, and financial reporting. It includes integration with Leafly’s online platform and Quickbooks accounting software, mobile-friendly enhancements for plant management tasks, and an advanced labeling system for product compliance with changing regulations.
Client OS
Web
Deployment
Cloud Hosted
Farm Biz Screenshot

Farm Biz

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Farm Biz is a Windows-based financial record-keeping software tailored for ranch and agribusiness owners. It provides comprehensive accounting features, easy expense tracking, and effective ranch management capabilities. Farm Biz offers tools for checkbook balancing, transaction input, and livestock record organization.
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Starting Price
$249 (perpetual license)
Client OS
Windows
Deployment
On-Premises
AgExpert Screenshot

AgExpert

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(4)
For Canadian agricultural farmers/producers; including G/L, A/P, A/R,Inventory, Capital Asset management, GST, NISA management, personal/business splits, enterprise analysis and many more farm-specific management features. Supported by AgExpert tollfree service and updated annually for compliance,technical and new user features. Integrates with ECI risk management software used by Canadian banks. Year-to-year; Cop-to-crop; and Field-to-field. Share data with up to 5 people; and Choose partners,
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Starting Price
$399/year
Client OS
Windows
Deployment
On-Premises
Ultra Farm Accounting Software Screenshot

Ultra Farm Accounting Software

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Ultra Farm Accounting Software is tailored for farm and ranch management, emphasizing ease of use and comprehensive financial tracking without the need for internet connectivity. Its features include a customizable chart of accounts specifically designed for agricultural businesses, detailed reporting that meets banker and lender requirements, and multiple entity management within a single operation. The system includes the ability to inventory crops and livestock, manage payroll, and write checks from multiple accounts.
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Starting Price
$550 (perpetual license)
Client OS
Windows
Deployment
On-Premises
Farmer Core Screenshot

Farmer Core

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Famer Core from Trimble Ag is a complete farm cost management package, fully integrated that maintains your books on both the accrual and cash basis. This allows you to know exactly how profitable each enterprise really is on your farm, while still maintaining the records you need for tax purposes. @youtube Double entry farm accounting for both cash and accrual sets of books.; Integrates with the Farm Trac field mapping system to keep accounting records at the same time as keeping field
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Starting Price
$199/year
Client OS
Windows
Deployment
On-Premises
iRely i21 Screenshot

iRely i21

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(4)
iRely i21 is an enterprise solution for the Agriculture and Petroleum industries. i21 is a browser-based platform that can provide all the needed tools to manage your agriculture business from origination to retail distribution. The software provides functionalities for four key areas: Grain Origination: For grain elevators, feed mills, and commodity management; Feed Management: Tracks customers, recipes, mixes, inventory, grain position, and more.; Crop Inputs and Agronomy: Field applications
Client OS
Web
Deployment
Cloud Hosted
MPIS Screenshot

MPIS

MPIS has been configured to perform many different types of calculations related to the procurement of dairy commodities. Several complex payment methods have been addressed including butterfat pricing, yield formulas, and component pricing. A wide range of premium structures has also been accommodated including component based, weight based, and zone based configurations. Hauling calculations, both farm deduction and hauler payment, have also been part of our standard packages. The capabilities
Client OS
Windows, Web
Deployment
Cloud Hosted
PcMars Screenshot

PcMars

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(1)
PcMars offers both cash-basis and accrual double-entry accounting systems, catering to different levels of accounting complexity. It includes detailed payroll tax reports and check printing capabilities, as well as support for various types of transactions such as expenses, income, revolving credit, and bank reconciliation. This versatility makes it a capable tool for managing a farm’s diverse financial needs. Additionally, it’s designed to be user-friendly, with a focus on simplifying accounting tasks for farmers​​​​​​.
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Starting Price
$75/year
Client OS
Windows
Deployment
On-Premises
ProSoftXP Agronomy Screenshot

ProSoftXP Agronomy

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ProSoftXP offers unique modular solutions for all your Agronomy needs including monitoring of process manufacturing and product costing. A supplemental plant food analysis module enables the formulation of blends of nutrients with user-driven specifications. Completely integrated with inventory control and order entry, you can blend by product, analysis or ratio, get guaranteed analysis, densities and application rates, and view least cost formulation by crop set. All inventories can be managed
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Starting Price
$5,000/user (perpetual license)
Client OS
Windows
Deployment
On-Premises
Barn Pro Screenshot

Barn Pro

BarnPro is the most professional, up-to-date horse management software available today for use with Microsoft Windows! BarnPro is the right decision for the Horse Farm or Stable with a need for tracking income, invoicing and breeding in addition to the normal record keeping associated with the care of horses. BarnPro is also a very good choice for horse boarding barns providing billing to their customers. BarnPro is a contemporary windows program to support your business operation with a windows
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Starting Price
$90 (perpetual license)
Client OS
Windows
Deployment
On-Premises
Agvance Screenshot

Agvance

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Agvance by SSI is an agricultural software suite designed for web applications. The available modules include accounting, grain, energy, mapping, and blending. Together, they integrate various ag functions like supplier management, labor management, CRM, built-in accounting, and inventory management, catering specifically to the needs of the agricultural industry. The software streamlines workflow by connecting all aspects of an agribusiness operation, enhancing financial performance and operational efficiency. Agvance Accounting serves as the financial hub of Agvance’s ag retail ERP, offering features like prepay management, timely inventory control, flexible billing, built-in forecasting, and visual data representation through an intuitive dashboard. It also supports B2B integration and has a simplified ledger system for agribusiness.
Client OS
Windows, iOS, Android
Deployment
Cloud or On-Premises
EasyFarm Screenshot

EasyFarm

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(7)
EasyFarm is a farm management software and accounting software designed to optimize crop planning, livestock management, and financial tracking. The software aims to enhance efficiency and support sustainable farming practices through detailed data analysis. It’s known for its user-friendly design and versatility for different types of farms.
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Starting Price
$650 (perpetual license)
Client OS
Windows, Android
Deployment
On-Premises
Total Milk Management Screenshot

Total Milk Management

TMM is an easy to use but very comprehensive application for your milk management needs. It includes Test Management (complete with statistical analysis), Patron Payroll, Milk Management, along with full support for FMMA Pooling and Reporting. You will not find a better Milk Management package than Total Milk Management. @youtube Generates both required Daily and Payroll report databases.; Converts data into the FMMA reporting standards.; Very little operator interaction required.; Free
Client OS
Windows, iOS, Android
Deployment
Cloud Hosted
Feed Mill Manager Screenshot

Feed Mill Manager

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Leading information management system for the commercial feed industry. Order processing, formula control, real-time inventory control, interfaces to automated manufacturing controls, superior reporting capabilities. Developed as a vertical application for the Microsoft Dynamics GP . Greater visibility into variables that influence mill efficiencies, so you can make real-time adjustments.; Seamless operation from supply to customer delivery.; and Reports that give you a look at what’s happening
Client OS
Windows
Agribusiness Screenshot

Agribusiness

The agricultural industry is unique. The inventory management and sale of product is like no other industry which is why it is important to have an industry specific solution. Agribusiness allows the user to manage grower accounting, warehouse operations, sales and the general ledger. The system supports bulk fruit receiving, packing, inventory, sales, shipping and grower settlements. It also has a fully integrated general ledger. Integrated with the general ledger is the accounts payable module
Client OS
Windows

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Buyer’s Guide

Farmers carry the timeless position of providing food products for human and animal consumption. Whether an organic farmer, a rancher, a dairy farmer, or even an alligator farmer, farmers have always needed a way to organize the financial transactions they deal with, which is how farm accounting software came to be.

Farmers work in one of the most important part of the agriculture economy and will always be depended on. As new technologies come about to help them harvest more crops or improve the lifespan of various livestock, farmers will always do what it takes to stay productive while also staying on top of the latest trends. Software companies quickly realized that accounting for a farm is much different than accounting for a construction company or a retail store. In that sense, farm accounting software became its own niche in the technology world.

Here’s what we’ll cover in our guide:

What is Farm Accounting Software?

Farm Accounting and Agriculture Software provides financial management for farms, farmers markets, ranches, abattoirs, and large-scale ag operations to help them turn a profit. The software can be as simple as keeping an electronic checkbook ledger or spreadsheet, and be as complex as an agricultural ERP solution to manage orders, crop inventory, plan expected harvest quantities, and more (See: Best Farm Management Software).

While many generic accounting software options can meet a farm’s needs, farm accounting software handles managing specific needs of farmers and agricultural businesses. The solutions are developed with farmers in mind and can provide features, functionalities, benefits, and reports specific to the industry.

For example, while a manufacturing company may buy many pieces of raw materials to create finished goods in a set amount of time, farmers are buying seeds, fertilizer, and tools to help their products grow which can only be harvested after a long period of time. The business becomes more seasonal in that aspect, and the accounting needs to take those situations into account.

Key Features of Farm Accounting Software

Functionality Description
Accounts Payable Provides the ledger for expenses such as livestock, feed, seed, and more. Includes invoice processing, payables approvals, and executing payments.
Accounts Receivable Tracks money owed to you and manages customer debt collection. Invoice customers/clients for materials such as seed or chemicals you produce, and adjust the price owed easily. Create customized invoices with your logo for a professional touch.
General Ledger Prepares a net worth statement, cash flow statement, compare budgeted versus actual costs, create a chart of accounts to track seed, chemicals, fertilizer, and review income/expenses by these categories.
Payroll Manages all elements of executing employee compensation, including wage calculation, check printing or direct deposit, and payroll tax management. Enter payroll records and record employee hours on timesheets.
Equipment/Structures/Land/Livestock Asset Management Keep track of depreciation on any and all assets the farm uses for their day to day operations. Monitors when equipment has lost value and allows for smarter decision making when a potential replacement needs to be found.
Agricultural Inventory Management Manages supplies used, and crops harvested. Collect field records, purchases made for new items and sales made of finished goods.

Cost of Software

The cost of farm accounting software will depend on which modules you need. Some farms can get by using an industry-neutral solution such as Freshbooks that starts at $15/month. Others with increased needs may need to start looking at an agriculture software developed specifically with a farm in mind, such as Ultra Farm which starts at a flat rate of $550.

The key questions to ask when determining how much you can budget for software is:

  • Are you looking to purchase a software outright (higher upfront costs) or pay on a subscription-based pricing model (lower upfront costs)?
  • What functionality modules are a NEED, and which are a WANT?
  • How many user licenses will you need?
  • Do you need ongoing support?
  • Do you need assistance in setting up the software?
  • Do you and/or your staff need to be trained on the software?

Software Benefits

Below are some hand-selected benefits of farm accounting software:

  • Better understand profitability. Farm Accounting Software will give your accountants better metrics specific to the industry involving economic farm surplus or something similar. You can also look at working costs to milk solids, which is popular in the dairy farm industry. Keeping these figures up to date based on current milk solid prices will ensure you have the most accurate picture of month-to-month profits.
  • Make decisions based on comparable product costs. Agricultural companies don’t have the luxury of being able to keep constant prices on the products they sell, as they are always at the will of market volatility. Because of this, it’s important farmers specialize in their most profitable products. Having an adequate Farm Accounting Software will let you see all of the direct and indirect costs that are consumed in the production of various products, and let you beat the margins each year. You can also look into finding better deals on various fixed expenses, such as rent on facilities used.
  • Protect the future of your operation. Better farm accounting helps you prepare your taxes, find margins, and measures your profitability easier. Keeping accurate records of your production levels will ensure you are complying with your insurance. Having real-time inventory records will let you sell your products much easier.

What Does Your Business Need?

  • Small farms need to cover their core financials by tracking income and expenses, and are probably looking into some level of reporting to review their overall numbers and perhaps check the profitability of certain areas of the operation. Farms of smaller size can usually get by with a simple accounting software such as QuickBooks, or another small business accounting or entry-level accounting system with a low initial cost. Whether single-entry or double-entry accounting, this type of software should at it’s core let your bookkeeper create a balance sheet and allow for better record keeping.
  • Mid-sized farm operations need to consider industry-specific reports in order to look into the margins on using specific types of seeds, fertilizers, or look into the volume being produced on certain crops. Medium sized buyers are also going to be more in need of software to handle their inventory control or more in-depth accounting features such as payroll. They may also want to consider implementing budgeting and forecasting features to get a better idea to their bottom line.
  • Large farms and agricultural enterprises likely need to consider ERP systems to meet their increased needs. They may have a more complex payroll for paying seasonal employees. They also may have multiple locations that handle specific types of agricultural operations and thus may want to keep separate sets of accounting records or even operate as separate entities. Larger farm operations are also more likely to have different inventory types and compare their numbers with industry standard ratios.

Examples of Products

Choosing the best farm accounting software product isn’t easy, but today’s farmer has more choices than ever. Below are some of options that are very commonly found in the industry and can help your operation with any tasks at hand.

PcMars Farm Accounting Crop, Feed and Supplies Inventory

PcMars (pictured above) is a “farmer-friendly” solution developed with farmers in mind. The software is recommended for use by the Iowa Farm Business Association and offers customized inventory for tracking crops, seeds, and supplies.

Farm Biz Software Vendor Data Entry

Farm Biz Software (pictured above) allows custom vendor data to be entered with preset categories related to the farm industry. These expense categories include fertilizer, seeds, chemicals, machinery costs, and more. The solution requires zero setup and includes standardized farm chart of accounts.

CenterPoint Accounting for Agriculture Crop Analysis

CenterPoint Accounting Software for Agriculture (pictured above) is a full agricultural suite for businesses with more complex accounting needs. The software includes a wide variety of farm industry standard ratios recommended by the Farm Financial Standards Council. It also provides detailed reports, such as for crop analysis.

Is QuickBooks A Farm Accounting Software?

QuickBooks Pro is a very popular farm accounting software option. In fact, it was likely the top choice for farmers at one time. This is due to its low cost of entry, and overall affordability compared to other options, which is attractive to many first-time software buyers.

With time, more and more software developers noticed a hole in the market and developed their own solutions created specifically for agricultural businesses. However, QuickBooks still works great for farms or agricultural organizations looking to keep a simple track of their income & expenses and create basic reports.

QuickBooks Agriculture, Ranching, or Farming Chart of Accounts

As detailed in the image above, QuickBooks can be used in a variety of industries. However, they do have preset Chart of Accounts available, including one for “Agriculture, Ranching, or Farming”.

The key to using QuickBooks (or any other industry neutral solution) for farm accounting will be how the program is set up. This will require some level of knowledge of how to use the program, to ensure you can master the difficult farm transactions, such as tracking grain or livestock inventory in different locations. You’ll also need to learn the “dos” and “dont’s” of accounting for a farm, and ensure your reports are showing the type of information you need.

Many helpful books and online guides have been written on how to successfully implement QuickBooks as a farm accounting option, such as this PDF from FarmAnswers.org, which emphasizes how to record farm specific business transactions in a solution that wasn’t developed with farm and ranch businesses in mind.

Movement into the cloud. Given the rural location of most farms, many may have struggled to acquire a reliable internet connection. If a dependable connection was available, they may have faced hefty costs in order to receive it (such as using satellite internet). Because of this, farms, ranches, and the agricultural industry overall may have been some of the last to transition to the cloud and have historically tended to avoid online accounting systems.

Many software developers are starting to market the benefits of cloud software for farms, such as a lower initial cost of investment. Cloud-only solutions such as Xero are attracting farmers by pointing out what farmers can take advantage of, such as having direct feeds in place for their supplies or checking milk solid prices.

Increased Operating Expenses. The United States Department of Agriculture keeps a close eye on commodity costs and returns, and the trends show that costs for farmers are constantly on the rise. When the price of needed materials goes up, a business usually has to look at other areas of their business they can scale back or cut costs on, which may mean being more strict in their software budget.

Precision Farming, also called precision agriculture or site-specific farming, uses GPS and GIS systems to provide real-time tracking of farm machinery. Its use in the field allows for planning, field mapping, soil sampling, tractor guidance, crop scouting, and more.

Pain Points

Knowing what to do with data. Farmers are starting to adopt farming applications, but are creating the problem of now knowing how to decipher the information that they are collecting. They know the goal of using new technologies (such as software) will be to help them make more informed decisions, but many farmers may not be prepared to understand the data, or simply just not have the time to do so.

Having a strong relationship with your software vendor will ensure your software is up to date and providing you with all the tools you need to make sense of your data. A vendor is also available for training, to ensure you know more than just how to create a report, but understand it as well.

Isolated locations providing poor internet connections. Many in the agriculture business may discourage pursuing cloud-based systems if they feel they can’t depend on their internet connections. They may also be hesitant to utilize new GPS technology that can track where their larger piece of farm machinery are and how much ground they’ve covered. Farmers want to worry less about their technology uptime and spend more time producing.