For Agri Accountants

The Farm Compliance Platform NZ Accountants Use to Simplify Year End

Figured is the platform where live actuals from your accounting software meet real-time farm data on the production side — in a structure that’s built for how farming seasons work. By year-end, most of the assembly work is done for you.

  • IRD-aligned farm valuations updated automatically each year.
  • Farm-specific data tracked live through the season.
  • Agri-aware AI systems take on more of the manual data work.
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The World’s Largest Farm Financial Management Platform

There’s a reason thousands of agri-accounting firms across New Zealand, Australia, the UK, and the USA run their farming clients through Figured. More than 35,000 farms trust the platform — and the advisers who use it every day know exactly why.

Heard This Before?

“Farm numbers come in shoeboxes, and that’s how it’s always been.”

Farm compliance has a lot of moving parts to track. None of the work is conceptually difficult, but assembling it all on out-of-date systems across a full client base — especially where the numbers aren’t even digital — is a whole other story.

Xero alone wasn’t built to fit the changeability of agriculture, and spreadsheets certainly weren’t. They don’t link invoices to production activity, and they don’t fit into farm seasons, so there’s always a gap come year end.

But, a growing number of NZ accounting firms are working differently. They run their clients on a platform that keeps the whole farm financial picture in one place. Actuals from Xero and live production numbers are kept up to date all year, with less manual input, so when balance date arrives, the picture is already assembled.

That platform is Figured.

How Figured Simplifies Farm Compliance

Year-Round Tracking

Live Farm Numbers Before You Need Them

Figured is where compliance meets year-round actuals. Track what’s relevant for each farm type across your client portfolio, with budgets and valuations updating automatically through the season based on stock movements, inventory changes, market shifts, and all the other factors that affect farm compliance figures each year.

Figured’s integrations with key farm apps like AgriWebb and Agworld ensure there’s less manual input on the farmer side too, and all the relevant information posts back to your accounting software to keep both sides up to date. Even killsheets scan themselves with AI, reducing data entry so the whole farm team can focus more on what each person does best, and less on keying numbers in multiple places.

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Livestock Valuations

Herd Scheme and NSC Rates Updated Automatically

Each year, when IRD releases updated Herd Scheme valuations and National Standard Cost rates, Figured applies them to your clients’ livestock valuations automatically. The recalculation runs against stock movements tracked throughout the year, so the closing values needed for the tax return are ready when you need them.

For NZ livestock operations, Figured supports the full range of stock classes for sheep, beef, and mixed farming, including wool tracking for sheep operations.

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Tracking Actuals

Accounting Data That’s Structured for Farming

Figured pulls live transaction data from your clients’ Xero, QuickBooks Online, or MYOB account and maps it into a financial structure built for agriculture.

Farm income categories, production accounts, and seasonal breakdowns sit in place from the start, shaped around how each farm type operates. Open a client’s accounts at year-end and everything is where you’d expect it.

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Farm Reporting

Generate Financial Reports from Live Data — Fast

Figured offers the full range of financial reports an accountant would need each year, building P&L, balance sheet, cashflow, and variance reports from today’s farm data at the click of a button.

If you need to create supplementary reports for a farmer, trust, governance board, or lender, Reporting Studio gives you full control over how you structure and present that information. Customise highly visual report templates at the organisation level and open them at the farm level, with the data populating itself. Auto Analyst then writes the commentary for you, saving you time and helping you scale this service across more clients.

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Beyond Compliance

Supporting Your Expansion Into Advisory

Great advisory conversations have always been held back by missing or out-of-date data. If you have to reassemble the picture every time you want to catch up, the work just doesn’t scale.

In Figured, that work is not only possible, but more scalable than ever before.

Figured’s agri-specific structure, live integrations, and AI-supported automation takes on more of the manual work so that you can spend more billable time planning, building scenarios, and talking to clients about their position. Plus, having Reporting Studio, succession planning, lending, and milk price hedging tools in the same platform lets you expand your offering to include even more services — without changing workflows.

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See How More NZ Agri Accounting Practices Are Taking the Manual Work out of Farm Compliance

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Rather than going back and forth and back and forth and it taking a week to get a final forecast that we can then take to the bank, [on Figured] we can do it all within an hour and have the result then and there.

Ed Wagstaff
Ed Wagstaff Diprose Miller

Compliance is now a by-product of having a system that does stuff properly. So because the admin and compliance is taken care of [in Figured], we can spend more time helping clients look forward.

Bridget Telfer
Bridget Telfer Chrisp & Davidson

We think Figured is a great tool for the financial management reporting side of things. It allows the opportunity for us to help clients establish a great structure around their financial reporting system that actually gives them meaningful information out the other end.

Nicolette Vaughan
Nicolette Vaughan PrincipleFocus

Integrations

Figured Works with the Software You Already Use

Figured doesn't replace your existing software — it plugs in on top, pulling live data from Xero, QuickBooks Online, or MYOB, and integrates with the apps you already use to manage the farm.

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Xero Accounting MYOB Accounting QuickBooks Online Accounting AgriWebb Farm Management Agworld Farm Management FarmIQ Farm Management
Trev Farm Management Farm Source Dairy Processors Synlait Dairy Processors Open Country Dairy Processors Miraka Dairy Processors Westland Dairy Processors

Tax & Compliance Built for the Way Your Clients Farm

NZ Dairy Compliance that Keeps Itself Up to Date

Milk income rarely lands in a neat financial year. Retro payments, seasonal adjustments, and deferred income all shift value across balance date, and each one has to be picked up correctly.

Figured calculates all of it, with kgMS feeding in automatically from the country’s major processors, and milk prices updated as they’re released. DairyNZ levies, NSC valuations, and sharemilker or contract milker income splits are built in natively.

Plus, livestock trading statements run from a season’s worth of tracked data, so all that’s left at year end is the review itself.

Explore Dairy Advisory
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Livestock Numbers that Reconcile Through the Season

Livestock compliance rests on two things: the stock has to reconcile, and it has to be valued correctly.

In Figured, every birth, death, purchase, and sale is recorded by stock class as it happens, so opening and closing numbers tie without a year-end rebuild. Herd Scheme, National Standard Cost, and market value are all supported, including where more than one applies to the same farm, plus IRD’s updated rates apply automatically each year.

Trading statements and stock reconciliations then run straight from that record.

Explore Livestock Advisory
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Cropping Compliance Without the Manual Rebuild

On a cropping farm, the compliance question at balance date is what’s still sitting in the shed. Unsold grain, plus the seed, fertiliser, and chemical on hand, all have to be valued as closing stock.

Figured’s Inventory Tracker holds both through the season, so those valuations stay current. The Crop Tracker records what was grown, harvested, and sold by crop type or paddock, and the Allocator assigns costs to the right crop season even where one cost spans several crops.

By balance date, the farm’s true position should be clear.

Explore Cropping Advisory
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Bringing Commercial Entities Alongside the Farm

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 Business Advisory
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Consolidated Reporting for Complex Structures

For any situation where a client runs several operations under a single trading entity, Figured Multi-Farm splits that accounting file into separate farms, using the tracking categories already in Xero, MYOB, or QuickBooks Online. This way, each operation carries its own trackers and closing valuations while the client files one return. It also leads to one streamlined chart of accounts across the business, with the same account codes reused across every farm. Where a client group spans several accounting files, Multi-Entity consolidates those farms into a single reporting group.
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Consolidated Reporting for Complex Structures

See Figured in Action

MCP + Tom SevernIncludes a video
Case Study

MCP + Tom Severn

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Sidekick Rural + Neer EnterprisesIncludes a video
Case Study

Sidekick Rural + Neer Enterprises

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Kaituna Pastures and Stem Rural AccountantsIncludes a video
Case Study

Kaituna Pastures and Stem Rural Accountants

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Earn recognition for the advisory work you’re already doing — and get found by the farming clients looking for an adviser who knows Figured.

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Resources

Discover More Figured Insights

View all articles
The Capacity Trap: Adding Advisory Services When You’re Already Maxed Out on Compliance

The Capacity Trap: Adding Advisory Services When You’re Already Maxed Out on Compliance

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How To Talk To Your Clients About Offshoring

How To Talk To Your Clients About Offshoring

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Why Succession Planning Is New Zealand’s Next Big Advisory Opportunity

Why Succession Planning Is New Zealand’s Next Big Advisory Opportunity

Read Article

Questions

Figured for Tax & Compliance — FAQ

No. Figured sits on top of your existing workflow, integrating with Xero, QuickBooks Online, or MYOB. It doesn’t replace anything.

It’s all about enhancing the data you have to work with, and making it more agri-specific. Actuals flow in from your accounting software, and Figured adds the agricultural layer: production tracking, financial categorisation, IRD valuations, plus the planning and reporting side.

Your practice keeps the accounting software it’s used to, your clients match what you’re doing on their end, and Figured ties it all together.

Figured can be set up any time of year.

When a new client comes on board, you’ll need to enter the opening values for their position as at the date you’re starting, and once that’s done and all the integrations are set up, Figured tracks movements and cashflow from there.

Our team is here to support you through each step of the onboarding process, whether you’re signing up to Figured for the first time or need help as a veteran. You can contact our Customer Success team whenever you have questions, and our Help Centre is packed with useful articles on integrations, setup steps, and product information.

Visit the Help Centre.

The core year-end outputs from Figured are the financial reports: P&L, balance sheet, and cashflow, drawn directly from the live data that you and your clients have maintained throughout the year.

Alongside those, Figured produces the production and inventory reconciliations relevant to a client’s farm type, including inventory valuations and reconciliation summaries for cropping clients with unsold grain or inputs on hand; trading statements and stock reconciliations for livestock clients; and milk income reconciliation for dairy clients. Each ties back to their accounting software, so the numbers in Figured and the numbers in Xero, MYOB, or QuickBooks Online directly reflect one another.

Additionally, closing values and journal entries post back to the accounting software from Figured. And for accountants using Reporting Studio, all of these outputs can be produced in a highly visual, branded format — ready to go directly to the client or to a third party.

Each year when IRD releases updated Herd Scheme and National Standard Cost rates, Figured applies them to each applicable stock class. Livestock valuations are recalculated against the latest IRD figures automatically.

Figured maintains an audit log that records all major changes made in a farm file, including what changed, and when. For accountants who need to demonstrate that figures were correct at a specific point in time, Figured’s snapshots feature also creates a read-only copy of the farm’s financial plan to be taken at any point during the year. Snapshots can’t be edited after the fact, so they provide a reliable point-in-time record of the plan as it stood.

Once year-end compliance is complete, a lock date prevents any changes to Figured actuals prior to that date — the same mechanism used in Xero. After that point, the historical record is protected from retrospective amendment.

It’s worth noting that the primary transaction record sits in the accounting software — Xero, MYOB, or QuickBooks Online — which carries its own audit trail. Figured holds the farm-level management data, the production reconciliations, and the compliance outputs that feed into the tax return. Both layers of documentation are accessible and reproducible if an IRD query arises.

Absolutely. Figured is the platform for all of your agri services, and many practices find the advisory work follows naturally once the compliance foundation is right within Figured.

Effective, scalable agri advisory that can be provided timely enough to matter needs current, year-round data and a structured platform, which Figured provides. When both are in place, running a mid-year reforecast or walking a client through a benchmarking comparison is a straightforward next step. The financial picture that underpins the tax return is the same one you use for a planning or succession conversation.

Most practices run a mix of clients. Figured Farm Reporter covers the clients where compliance and reporting is the whole job. Farm Manager then adds budgeting, cashflow forecasting, and variance reporting for those clients where you want to add more value as their accountant.

Compare both on our products page.

This Is Farm Compliance Where the Numbers Are Done for You

Join the NZ agri accountants who arrive at balance date with the compliance done and a financial picture ready for what comes next.
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