There is never a bad time to start looking for your first or better farm accounting software. The farming industry has a long history, but how you manage a farm can and should evolve into the current days of the 21st century. Farming software helps farmers to manage the business while keeping an eye toward the future for the next generations of their family. Choosing whether to get accounting software for your farm or hiring an expert is also a consideration that farmers need to make. Investing in accounting software can keep the finances within a circle of trust if you do not want to bring in an outsider to handle the books.
That is why it is important to find a system that is easy-to-use and streamlines tasks. Advanced Micro Solutions’ base W-2/1099 Forms Filer program is up to the challenge and affordable.
Why Do Farmers Need Farm Accounting Software?
There are many different facets of the farming industry. It is important that you find reliable and comprehensive software that meets all of your farm and industry’s unique needs. The reason to get good accounting software for farmers is to have:
Optimal financial organization and management. Farmers know better than most that there are many financial transactions in their line of work. Whether you are purchasing seed or need new equipment, you will need to keep track of where money goes. You will also need to remain organized with invoices that come into your office when you sell your produce. The best way to keep up with your books is with an accounting program that doubles as payroll management tools. Farm accounting software simplifies how you organize transactions and makes it easier when you manage cash flow or analyze the financial health of your farm. It can improve your farm’s overall profitability and help you make better financial decisions.
Easy tax preparation and complete compliance. There is no reason to feel overwhelmed by complex agricultural tax laws. Making sure that your farm keeps detailed records of expenses, subsidies, and deductions is easier with accounting software. Streamline tax preparation when you organize transactions and generate necessary reports. The reports can be tailored toward tax filing to ensure that you maximize deductions and avoid penalties. Staying compliant with agricultural regulations and reporting requirements does not need to detract from a farmer’s focus on the farm’s core operations.
Improved efficiency and cost reduction. Reduce an otherwise error-prone process with farm accounting software. Manual bookkeeping can take up time on both ends of filing, particularly if you need to issue corrections after the fact. Automate as many accounting tasks as possible to keep every agency satisfied and your daily operation tasks as the priority.
Best Accounting Tools in Farm Software
Every farm possesses unique needs from their accounting software. When you are not focusing on farm-specific integrations or grant and USDA support, there are other key tools to prioritize.
Financial Management Reports – Look for a system that allows you to generate many detailed reports. The reports should provide your farm with insights into the farm’s sales performance. A comprehensive farm accounting software program allows farmers to analyze trends, identify any issues, and plan for future farm growth in the short and long term.
Expert Support – Ensure smooth onboarding and timely resolutions ahead of encountering any software issues. Accounting software vendors with strong customer support arms may provide a user with multiple resources. Ask about Frequently Asked Questions resources, live support, or any tutorials that are available.
Payroll and Multiple Farm Support – Farms can grow fast and farmers need software that can keep up with the heightened demand. Streamline how you handle your books and manage farm operations across multiple locations with one system. Getting a single system can be an ideal solution for larger agricultural enterprises. Smaller farms with more than one location in a state or region can also benefit from using it.
Easy Payer and Employee Setup – Avoid spending all of your time setting up a new system. Hit the ground running with software that you can trust to eliminate work rather than creating a lot more of it.
Get AMS Software Today
Farm accounting software is not one size fits all, and we would never recommend that for any farmer. AMS software allows farmers to easily enter data onto entry screens that look like an actual form. The Table Report feature generates hash totals of SSNs and TINs that allow the users to check for data entry accuracy. Use the Browse command tool to enter data using a spreadsheet format. Download our free 1099-etc Demo software today to see how our base program operates alongside any of our six optional add-on modules.