It is time to dispel the notion that desktop-based accounting software for farmers is outdated or unuseful. The best farm accounting software can give users the ability to save data locally and might be the most affordable option for a smaller family-run farm. Whether you want to invest in a program with more stability or need to usher out the era of manual reporting, consider using a localized program to safeguard your farm and employees’ sensitive data. It cannot and should not be dismissed in today’s fast-paced agribusiness environment.
Advanced Micro Solutions’ base W-2/1099 Forms Filer program was developed with agricultural metrics and information tracking taken into careful consideration. We developed our software so that our users, including farmers, can avoid overpaying for fundamental and unique accounting features. Support up to 99,999 employees or recipients per payer while accessing a variety of W-2, W-3, and many 1099 forms through the program.
Why is Accounting Software for Farmers A Must?
Inconsistent financial records and struggling with tax compliance are easily resolved with the right accounting program. It is also time to look at accounting software if you need help with:
Automating your farm’s data entries. Finding ways to automate as much of the accounting and payroll process as possible is a time- and resource-saver. Farmers who are spending the majority of their time tending to crops and livestock in the field should not need to spend more time than necessary on the books. Get a program that can help you reduce the likelihood of a costly correction process.
Streamlining all invoicing and payment processing. Trusted accounting software for farmers will allow you to quickly and digitally generate any invoices and accept payments. It should not matter whether you are selling livestock, produce, or equipment. Ask a software vendor if their system includes features like automated reminders to help reduce late payments and improve your farm’s overall cash flow.
Simplifying your farm’s tax compliance standards. Make the already complex agricultural tax laws more straightforward with comprehensive accounting software. The best system will streamline how you handle detailed records of expenses, subsidies, and deductions. Organize your transactions and generate reports that are tailored toward tax filing to help maximize all of the deductions and reduce the risk of costly errors.
Customizing essential financial reports. Accounting software for farmers should be able to generate customizable financial reports. Track specific income and expenses with the system, especially as it relates to crop sales, livestock earnings, equipment maintenance, and all land leases.
Enhancing security and backup protection. Farmers and everyone who works for the farm deserve to have peace of mind that the bookkeeping methods are secure and confidential. An accounting program should provide automatic backups to preserve data. The restore features are also beneficial to prevent the accidental loss or damage of data.
How to Transition Your Farm into Using Accounting Software
Transitioning away from manual reporting may seem difficult, or even impossible, but there are certain steps that you can take to make it easier.
Assess Your Needs – Identify and prioritize the most important features in accounting software for farmers as they relate to your agricultural business. What matters to your farm now may not be relevant in a few years. You may alternatively need new features in a few years if you plan to grow or expand that are not necessary now. Getting an adaptable program might be the solution to the evolving nature of your business.
Choose the Right Software – It is important not to simply take anyone’s word on the best tax software for your farm. Read reviews, get opinions, and ultimately make any decision with your business’s needs and goals in mind. Software is not created equally, which is quickly apparent across multiple industries.
Consider A Scalable Program – Getting software that can serve you well now and grow with you in the future is oftentimes the ideal choice. You do not want to outgrow your software at a greater speed than is necessary. Spending less money on replacing software will free it up for other areas of your business.
Consider Getting AMS Software Today
Take the time to explore all that our accounting software for farmers can offer your business. Our W-2/1099 Forms Filer has an easy-to-use, menu-driven format. Simplify the selection of payers and forms with the core product. You can also choose to add any of our six optional modules onto the system. Create a full-accounting suite of tools with the additions of: E-File, AMS Payroll, Software Generated Forms, Forms Filer Plus, 1042-S Filer, and an Affordable Care Act Filer. Download our free 1099-etc Demo software today to discover more features.