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Best Farm Accounting Software of 2024
Farm accounting software should help you easily track and manage livestock and crops as well as help you prepare your Schedule F tax form, in addition to more general accounting functions.
Running your farm is hard work. After a long day out in the fields or in the barn, the last thing you want to think about is your small-business accounting software. Fortunately, software designed specifically for your industry can ease the burden by automatically reconciling your transactions and helping you to easily track mileage and expenses; manage your livestock, crops and other inventory; and file your Schedule F tax form.
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The farm accounting software products that make our list can help you with these tasks and more.
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 inbound phone customer support (callbacks are available, though).
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.
Xero allows unlimited users at every subscription tier, a valuable feature for businesses where several users may need at least limited access to the system to run reports or analyze performance. In terms of functionality and features, Xero is one of QuickBooks Online’s biggest competitors and has a more customizable dashboard that lets each user rearrange or hide panels.
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 inbound phone customer support (callbacks are available, though).
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.
Xero allows unlimited users at every subscription tier, a valuable feature for businesses where several users may need at least limited access to the system to run reports or analyze performance. In terms of functionality and features, Xero is one of QuickBooks Online’s biggest competitors and has a more customizable dashboard that lets each user rearrange or hide panels.
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.
QuickBooks Online is an industry leader in the accounting field, thanks to its strong feature set, scalability and ability to accommodate small businesses with more complex financial needs. With millions of users worldwide, your accountant will likely be familiar with it.
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.
QuickBooks Online is an industry leader in the accounting field, thanks to its strong feature set, scalability and ability to accommodate small businesses with more complex financial needs. With millions of users worldwide, your accountant will likely be familiar with it.
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).
FarmRaise is purpose-built farm accounting software designed for small farming businesses in need of simple, intuitive and easy-to-use software. FarmRaise enables you to track crops, livestock and products along with mileage and transactions. It’s cloud-based software you can access from any device anywhere, including your field. The mobile app even enables you to continue your work from the field, barn or other locations without an internet connection. A couple of unique features that especially speak to the grassroots nature of the company include a weekly educational newsletter and access to a continually updated library of relevant grant and loan opportunities.
FarmRaise
Best for Overall farm accounting software
Starting at
$40/month
Promotion
20% off
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).
FarmRaise is purpose-built farm accounting software designed for small farming businesses in need of simple, intuitive and easy-to-use software. FarmRaise enables you to track crops, livestock and products along with mileage and transactions. It’s cloud-based software you can access from any device anywhere, including your field. The mobile app even enables you to continue your work from the field, barn or other locations without an internet connection. A couple of unique features that especially speak to the grassroots nature of the company include a weekly educational newsletter and access to a continually updated library of relevant grant and loan opportunities.
Farm Biz
Best for Simple farm accounting software
Starting at
$249
One-time fee.
Promotion
N/A
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.
Farm Biz is desktop-based farm accounting software designed to be simple enough to use without any prior accounting knowledge or experience. One of its most appealing features is the chart of accounts built specifically for agricultural businesses such as farms and ranches. This saves you the time of creating a custom chart of accounts in more general accounting software. Because the software is locally installed, you pay a one-time purchase price rather than a monthly subscription fee, which makes Farm Biz the most cost-effective solution on our list. If you need more robust features than those included in Farm Biz, the sister product — Ultra Farm Accounting — includes more customized reporting like livestock analysis, payroll and your Schedule F for your tax return.
Farm Biz
Best for Simple farm accounting software
Starting at
$249
One-time fee.
Promotion
N/A
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.
Farm Biz is desktop-based farm accounting software designed to be simple enough to use without any prior accounting knowledge or experience. One of its most appealing features is the chart of accounts built specifically for agricultural businesses such as farms and ranches. This saves you the time of creating a custom chart of accounts in more general accounting software. Because the software is locally installed, you pay a one-time purchase price rather than a monthly subscription fee, which makes Farm Biz the most cost-effective solution on our list. If you need more robust features than those included in Farm Biz, the sister product — Ultra Farm Accounting — includes more customized reporting like livestock analysis, payroll and your Schedule F for your tax return.
FarmBooks
Best for Farm accounting reporting capabilities
Starting at
$495
0ne-time fee.
Promotion
N/A
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.
Robust reporting can help you make informed business decisions about your farm, and FarmBooks accounting software delivers on this front. With more than 20 reports built into the software, you can easily access farm-specific reports to see how your farm is performing and make adjustments proactively. Your Schedule F is included in these reports, making tax time a snap. Because FarmBooks is a desktop-based solution, you’ll want to regularly back up your data. The company offers offsite backups for a small monthly fee.
FarmBooks
Best for Farm accounting reporting capabilities
Starting at
$495
0ne-time fee.
Promotion
N/A
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.
Robust reporting can help you make informed business decisions about your farm, and FarmBooks accounting software delivers on this front. With more than 20 reports built into the software, you can easily access farm-specific reports to see how your farm is performing and make adjustments proactively. Your Schedule F is included in these reports, making tax time a snap. Because FarmBooks is a desktop-based solution, you’ll want to regularly back up your data. The company offers offsite backups for a small monthly fee.
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.
Traction is cloud-based software intentionally designed for farm and agricultural business management. It’s priced quite a bit higher than many other farm accounting solutions, but it also comes with a host of more advanced features, including automatic transaction reconciliation as well as detailed, industry-specific reporting and inventory management. If you run a large, well-established farm, you may appreciate the software’s powerful tools and scalability.
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.
Traction is cloud-based software intentionally designed for farm and agricultural business management. It’s priced quite a bit higher than many other farm accounting solutions, but it also comes with a host of more advanced features, including automatic transaction reconciliation as well as detailed, industry-specific reporting and inventory management. If you run a large, well-established farm, you may appreciate the software’s powerful tools and scalability.
NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
NerdWallet does not receive compensation for any reviews. Read our editorial guidelines.
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