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One of the questions we’re sometimes asked is “Why do I need Figured when I have Xero already?” It’s a fair question and one we answer through describing the unique nature of farm accounting. Our business started from the ground up as a cloud-first specialist agricultural tool. Figured starts where the standard financial packages end, and better reflects the specific accounting needs of farming.

As an accountant, your clients look to you for advice, insights, and support for their business.  Using Figured allows you to help your clients really begin to understand the business side of their farming operation.

Farmers around the globe are regularly required to make important decisions that will affect the business’s bottom line. One of the recurring decisions is “Where am I best to use my harvested crops?” The opportunity cost of putting production towards one use over another needs to be constantly assessed, and planned usage may need to change over the course of a season.

Model out the long term financial impact of major decisions or changes in your business with Figured Scenarios.  

When you use Figured for your planning, you’ll have your client’s live accounting data hooked directly into the same place that their Annual Plan lives. This creates a single source of truth for all management reports and plans, so that any time you look at a report in Figured you’ll know that this is the current plan that they’re working to.

Farming is a major industry in the United States that contributes over $136B to the GDP, making it vital that farmers are empowered to run financially sustainable businesses. The right set of tools and advisory team can help ensure farmers understand their breakevens to make marketing decisions with confidence and take care of their budgeting, forecasting and production and livestock tracking in order to achieve their financial targets and ultimately, their goals.