Business accounting software for farmers

May 09 2017, 0 Comments

We have a number of customers that operate farms and use our accounting software; Business Suite and Startup, to manage their books. Here are some examples of how Accountz has worked for those in the agricultural sector.

farm accounting

Farm A

A small holding that has invested time and money in fencing and rebuilding barns as well as buying a small amount of live stock.  We have helped this customer set up their chart of accounts to show the investments and also to show profit and loss for each of their income streams.  They now produce monthly management accounts so that they can see in real time how the farm is performing rather than months after year end.  This business is VAT registered and submits annual VAT returns all through the Startup+VAT version of Business Accountz.

Farm B

A larger well established arable farm contacted us as they found their current software provider too confusing as well as too expensive. During their trial we talked through their requirements and helped set up their chart of accounts with income separated into Sales, Grants and Subsidies, Sundry Revenue and Single Payment Scheme categories . As well as their cost of sales and general operating costs.  This customer chose to subscribe to our Business Suite software and is VAT registered and submits monthly VAT returns.

If you would like any more information on how we can help with your accounts and maybe save you money in accountants fees please contact support@accountz.com or call 01354 691650.

https://www.gov.uk/guidance/farm-business-and-financial-planning