While you can use Figured as a farmer, we do recommend checking whether your accountant or adviser is already using it.

Setting up the platform correctly, including the accounting software connection, the trackers for your farm type, and the opening financial position, benefits from someone who knows the system well. Once that’s done, you have your own access and can see your farm’s financial and production data at any time, not just when your accountant runs a report.

For succession planning, the best outcomes happen when your accountant is actively managing the financial picture alongside you, so when scenarios need modelling or a bank meeting comes up, you’re both working from the same position.

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Figured connects to Xero, MYOB, and QuickBooks Online. If your farm accounting runs through any of those three, you can use Figured on top of it.

If you're on an alternative accounting system, or using spreadsheets or paper-based records, you'd need to migrate to one of the supported systems first. While migrating to a modern platform can seem daunting, most farms never go back — there's a reason they're so popular.

It may help to talk to a Figured-enabled accountant about what you need to do next to upgrade your accounting system, then get onto Figured.

The Farm Progression Loan is available via your accountant through Figured and Oxbury Agricultural Finance. It’s designed to support NZ farmers stepping into farm ownership by offering whole-of-farm financing assessed on a farmer’s performance, not just their asset values.

This is a unique lending pathway in New Zealand, helping strong sharemilkers, contract milkers, or equity farmers, plus new generations taking over the farm, prove that they have what it takes to run a great business, and get help stepping up.

To see if you qualify, you’ll need to talk to your accountant.

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

A bank manager can see the reporting and financial data relevant to a lending conversation without accessing areas that don’t apply to their role. In addition, your accountant can also give any legal advisers or trustees involved in the succession process a view appropriate to their role. You retain access to your own financial and production picture at all times.

During a succession process, having everyone working from the same current data tends to make each conversation more productive and the overall process faster.

Your job is keeping the underlying data current — reconciling bank transactions in Xero and recording farm movements as they happen. The more current that is, the more useful Figured is for both of you.

Your accountant’s job is to work with that data inside Figured. They configure your farm’s trackers, manage the planning and reporting, and handle the year-end financial work: valuations, accruals, and the reports that go to the IRD and the bank.

For succession planning, your accountant will also be modelling scenarios, structuring reports for bank and family meetings, and managing access for the other parties involved in the process.

Figured is a monthly subscription, and the cost depends on which product tier your accountant sets you up on: Farm Reporter for compliance and reporting, or Farm Manager for the planning, forecasting, and scenario modelling side of succession.

Most farmers don’t manage the subscription directly. Your accountant or adviser handles the setup, and depending on how they work, they’ll either pass the cost on to you separately or fold it into your advisory fees. The best person to ask is your accountant — they can tell you exactly what applies to your farm before you commit to anything.

Current pricing is available on our pricing page.