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Best Farm Accounting Software
Product | Promotion | Learn more | ||
---|---|---|---|---|
Xero Learn more on Xero's secure website | 5.0/5 Best for General accounting software with farm software integration | $20/month Additional pricing tiers (per month): $47, $80. | 95% off for 3 months plus get a $300 Amazon voucher (terms apply). | Learn more on Xero's secure website |
QuickBooks Online Learn more on QuickBooks Online's secure website | 5.0/5 Best for General accounting software with farm software integration | $35/month Additional pricing tiers (per month): $65, $99, $235. | 50% off for first three months or free 30-day trial. | Learn more on QuickBooks Online's secure website |
FarmRaise | Best for Overall farm accounting software | $40/month | 40% off monthly membership for under-resourced or beginning farmers. | |
Farm Biz | Best for Simple farm accounting software | $249 One-time fee. | N/A | |
FarmBooks | Best for Farm accounting reporting capabilities | $495 0ne-time fee. | N/A | |
Traction | Best for Complete farm management software | $950/year Additional pricing tiers (per year): $1900, $3,800. | 30-day free trial |
Our picks for
General accounting software with farm software integration
Xero and QuickBooks Online are well-known, well-regarded names in accounting software. Both offer robust cloud-based accounting tools that enable you to send invoices; collect payment; track inventory, projects and expenses; create reports, including the standard profit and loss statement, balance sheet and aging reports; and view your business financials in an all-up dashboard. For more industry-specific tracking and reporting features, you can integrate both products with Figured, farm-specific financial planning and reporting software.
Xero
on Xero's secure website
Additional pricing tiers (per month): $47, $80.
plus get a $300 Amazon voucher (terms apply).
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No phone number for customer support listed.
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
- Must subscribe to the highest-tier Established plan to claim expenses.
QuickBooks Online
on QuickBooks Online's secure website
Additional pricing tiers (per month): $65, $99, $235.
for first three months or free 30-day trial.
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
Our pick for
Overall farm accounting software
FarmRaise
monthly membership for under-resourced or beginning farmers.
Pros
- Tag transactions for tracking and reporting related to Schedule F tax form.
- Photograph and upload receipts.
- Full pricing transparency, including how every dollar of the monthly fee is spent.
- Funding Library keeps you updated on various opportunities for agricultural business grants and loans.
- Mobile app that includes offline functionality.
Cons
- Current reporting capability is very basic (e.g., can build profit and loss statement but can’t build cash flow statement or balance sheet, though the update is in progress).
Our pick for
Simple farm accounting software
Farm Biz
One-time fee.
Pros
- Designed specifically for farming and related businesses.
- Pricing transparency.
- Free demo copy of software is available.
Cons
- Desktop software limited to Windows users only.
- Free customer support is limited to 30 days after first support call.
- Software is dated in appearance.
Our pick for
Farm accounting reporting capabilities
FarmBooks
0ne-time fee.
Pros
- Designed specifically for the farming industry.
- Variety of support and training options, including live online trainings.
- Pricing transparency.
- Free demo version available upon request.
Cons
- Desktop-based software necessitates a data backup solution.
- Software is dated in appearance.
Our pick for
Complete farm management software
Traction
Additional pricing tiers (per year): $1900, $3,800.
Pros
- Purpose-built for agricultural businesses.
- Add-ons for payroll, agronomy and field management.
- Bank feeds enable automatic reconciliation of transactions.
- Pricing transparency.
- Mobile app enables payments and receipt capture.
- Phone and live chat support available daily during extended hours.
Cons
- Pricing is significantly steeper than other farm accounting products.