Farm Succession Planning Software for Australian Accountants

Heard This Before?

“We help where we can, but the family already has a set plan.”

In farming, succession conversations often start before the accountant is in the room.

This isn’t because farmers don’t trust their accountant, there’s just no natural trigger to create an early advisory moment in succession. Most practices are engaged after the plan has been formed around the kitchen table and the family wants to check the numbers will work.

Except, a growing number of Australian practices are doing it differently. They’re building relationships on a shared financial platform that keeps them in conversations all year, so when the family starts thinking about succession, it’s natural to automatically include their adviser. When someone needs the numbers, they’re already visible, and the conversation can focus on planning, not verifying.

That platform is Figured.

How Figured Simplifies Succession Conversations

Live Data

See the Full Farm Picture, When You Need It

Figured was built to connect the full farming family, and their wider team, to a live view of what’s happening now on the farm.

Budgets and forecasts in Figured draw from live accounting and production information, linking on-farm activity to real financial performance even as the season changes.

The trackers and budgeting tools should look familiar to anyone used to working with spreadsheets, letting the outgoing generation keep doing things their way, while the newer generations can dig deeper — working with you on planning, forecasting, and scenario modelling.

Scenario Modelling

Map Every Pathway Before the Family Has to Choose

Succession decisions carry long-term financial consequences for both generations, which is where accountants who have the tools to plan ahead can add real value.

In Figured, that’s the Scenario Planner, which lets you model multiple ownership structures, equity release arrangements, and transition timelines in parallel to see how it will impact each party — based on the farm’s live financial picture as it stands today.

By modelling out what decisions could look like over time, in multiple different ways, you’ll have answers to some of succession’s most difficult questions, providing confidence to the family that the decisions being made now will pay off in the long run.

fr-product-image-square-reporting-succession

Custom Reporting

Create Meaningful Reports, Fast, for Everyone

Succession involves multiple stakeholders, and they’re all going to want to see how things are tracking. Figured’s powerful custom report builder, Reporting Studio, gives you full control over how you present farm performance, so the report for the family meeting reads differently from the bank pack — without the extra manual effort.

Build custom layouts once at the organisation level and roll them out at the farm level, populated automatically with live data. Auto Analyst even writes the commentary for you, so you spend more time having great discussions and less on building PDFs.

See Reporting Studio

Collaboration

A Shared Platform, Not a Shared File

Farms are family enterprises in a way that most businesses aren’t, which is why a shared platform is different from a shared file.

Old spreadsheets depend on one person keeping them up to date, and version control is half the job. A shared platform like Figured means the family, and the people supporting them, can all be as involved as they want to, with appropriate access to the live data based on their role.

Everyone gets what they want, and you aren’t stuck fixing formula errors, chasing mismatched data, and finding out who has what version of the file.

See How Australian Accountants Are Using Figured to Get into Succession Conversations Earlier

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I can almost remember to the day when we discovered Figured. It’s just been so nice to get off the spreadsheets, get off the pen and paper, get off the napkins, and actually put some useful tools and information out there that you rely on and have confidence in.

Holly Haralson Empire Ag

With Figured, I feel like it gives you a bit more clarity going forward. Running the numbers takes the guesswork out of forecasting — if you change one figure, it flows through to the next, so you’re not wondering if your spreadsheet formula’s correct. My advice for other farmers: get on board, have a try. It’ll give you a lot more confidence and a lot more time.

Stacey Keefe Farmer

Figured is an online cloud tool that enables clients to plan their cashflow scenario planning for one to five years into the future. Its ability to look at profitability on the farm and not just focus on cash gives a great understanding about how the business is performing.

Mark Edwards Murray Nankivell

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Succession Planning Built for the Way Your Clients Farm

Succession Planning for Australian Livestock Operations

Before you can model a livestock transition, the stock has to be valued — and getting that right depends on accurate, current stock records.

AgriWebb-fed movements keep the Livestock Tracker reconciled through the season, covering the sheep, beef, and mixed livestock classes your clients run, so by the time the family sits down, the numbers under the plan are ready to be used.

Explore Livestock Advisory

Succession Planning for Australian Cropping Operations

On a cropping farm, the question at succession is usually which blocks and which crops actually carry the operation. Given that rotations share costs across seasons, the answer rarely sits in the accounts.

Figured’s Allocator assigns income and expenses to the right crop season, including partial splits where a cost spans several crops, so gross margin reads clearly by enterprise and per hectare. Multi-year planning then lets you model a transition across several rotations, helping you get really granular about timeframes.

Cropping might be a complex enterprise to hand over, but when all the data sits in one place, the work gets a lot simpler.

Explore Cropping Advisory

Succession Planning for Mixed and Commercial Farm Structures

For accountants serving not only farming operations, but non-farm commercial entities too, Figured’s Commercial Manager extends the same planning, forecasting, and reporting workflow to the rest of your portfolio.

Explore Commercial Manager

Consolidated Group Reporting for Complex Structures

Where succession splits an operation, the family needs to know what each farm is worth on its own. Figured Multi-Farm separates a single accounting file into individual farms, using the tracking categories already in Xero, MYOB, or QuickBooks Online, so each one carries its own plan, its own trackers, and its own performance history — while still showing performance at the group level.

Where a client group spans several accounting files, Multi-Entity brings those farms into a single reporting group, with internal trading between entities netted off so the family sees the true position.

This keeps every piece on the table, valued properly, before anyone decides who gets what.

Consolidated Group Reporting for Complex Structures

See Figured in Action

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Farm Succession Planning with Figured — FAQ

01Does Figured directly support succession planning, or is it just for day-to-day farm financials?

Both. Figured’s core financial management tools can be used for a variety of purposes, including compliance, budgeting, planning, and reporting. Those same tools are also everything you need when a family wants to start the succession conversation.

The point of Figured is that it brings all of your agri advisory services under one roof, which includes the day-to-day work that builds long-term, year-round relationships, and also specific services like succession planning.

02Can I model multiple succession scenarios in Figured and compare them?

Yes. Figured’s Scenario Planner lets you build and save multiple financial scenarios in the same client environment — mapping out different timelines, structures, and equity plans as needed to hold really valuable discussions.

Each scenario uses the farm’s live financial data as the baseline, so you’re modelling against real numbers rather than starting from assumptions.

03Can multiple parties access the farm’s financial data through Figured?

Yes. Figured’s user access model lets accountants grant different access levels to different members of the farming team.

A bank manager can see the reporting and data relevant to their role without accessing areas that aren’t. The farmer sees their own operational picture. The family or trust can check in on live performance, or view reports relevant to their view. And the accountant manages it all from the centre.

In Figured, the whole team works from the same financial data, and everyone walks into each succession meeting having already seen the numbers they need to make smart decisions.

04Does Figured support succession planning for all farm types?

Figured supports succession planning for livestock and cropping structures, plus non-farming commercial entities.

While the specific production trackers will change from farm type to farm type, Figured’s core tools for succession planning (like scenario modelling and reporting) can be used across all of them.

05How is Figured priced for succession planning engagements?

Figured is priced per farm on a subscription basis, with tiers based on the level of functionality the client needs. There’s no separate succession planning product — the tools are part of the standard platform. For practices managing a portfolio of clients on Figured, pricing scales with the number of farms.

Full details are on our pricing page.

How Figured Simplifies Succession Conversations

See the Full Farm Picture, When You Need It

Map Every Pathway Before the Family Has to Choose

Create Meaningful Reports, Fast, for Everyone

A Shared Platform, Not a Shared File

See How Australian Accountants Are Using Figured to Get into Succession Conversations Earlier

Figured Works with the Software You Already Use

Succession Planning Built for the Way Your Clients Farm

Succession Planning for Australian Livestock Operations

Succession Planning for Australian Cropping Operations

Succession Planning for Mixed and Commercial Farm Structures

Consolidated Group Reporting for Complex Structures

See Figured in Action

Diprose Miller + Clover Hills Ltd.

Murray Nankivell and the Ogilvie Group

PrincipleFocus and Paistex Pastoral Co.

Join the Figured Partner Program

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Farm Succession Planning with Figured — FAQ

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