Easily keep track of all farm production for dairy, livestock and crop operations. Figured lets you set up multiple trackers so you can record production down to a herd, field, or crop type level. Production quantities then automatically sync with your financial plan so you can see how a particular month’s production impacts the farm’s bottom line.
Figured’s allocation tool pulls in all of your indirect income and expenses from your cloud accounting software, allowing you to allocate these to any number of crop seasons or production centres in Figured. To make this process even faster, you can setup allocator rules to automate the work. This information, along with all of your production information gives you unparalleled insights into your cost of production.
Inventory stored on the farm can be represented by its financial value in Figured, either when you purchase inventory to be used in production activities, or as you harvest crops and store for future sale. This makes valuing production assets easy, and when combined with the cost allocator makes it easy to track what you have in storage, its value, what it’s been used for, and the profitability of what it’s been used on.