Figured for Accountants

Ashburton farmers, Lee-Anne and Norm, run three farms. They have enough to keep them busy without to having to worry about spending long hours on the accounts, which was why they were motivated to start looking for a better solution for managing the finances of their farming business.

When the dairy payout price changed the day before Stephen Stafford-Bush’s client board meeting, he wasn’t worried. There was no last-minute need to update budgets; no rush to re-do reports. All it took was the click of a button and he had the latest information to present to the farm’s stakeholders the following day.

With the help of cloud technology, Western Australia practice, Rise Business Solutions, are providing their farming customers with easier access to information that can help them really drive the financial success of their business.

Mulcahy & Co are a Victoria-based practice who say that using Figured in their practice has increased client engagement and created opportunities for more forward-looking conversations around farm financial management.

Joanna Ewenson says the three biggest benefits of using Figured and Xero with her farming clients is the accessibility, ease of use, and being able to easily create budgets that encourage a future-focused approach to finances.

Chrisp & Davidson is a Gisborne-based advisory firm who has embraced cloud accounting tools to provide their clients with accurate and reliable business information, while reducing the time requirements of farm record keeping.

Farm accounting specialists, Diprose Miller have been working collaboratively with large-scale corporate dairy farm, Maheno Farms Ltd, using Xero and Figured to reduce data inefficiencies and robustly plan for the future.

Figured’s user-friendly interface has boosted Sudbury’s client engagement and encouraged more efficient collaboration between the whole farming team. They are now better placed to help clients manage volatility and make more proactive decisions with confidence.

Brett Bennett and the team at FarmIT are a great example of forward thinking rural accountants. They’re seeing tangible benefits since implementing Figured’s single ledger system to use collaboratively with their farming clients.