Top 7 Farm Accounting Software Solutions to Use in 2025
Finance & Accounting

Top 7 Farm Accounting Software Solutions to Use in 2025

Rick Johnson
Rick Johnson
November 20, 2024
Last updated on:

November 27, 2024

|

Read time: 7 mins

Agriculture has long been the backbone of the global economy, providing food, fuel, and raw materials. In the U.S., agriculture remains a critical industry, with approximately 1.9 million farms across the country. An impressive 95% of these farms are family-operated, including individuals, partnerships, and corporations. Despite the vital role they play, many of these operations face complex financial management challenges.

As farms grow in size and complexity, managing finances manually becomes increasingly difficult. This is where accounting software solutions come into play. With the right tools, farm owners can streamline their financial operations, track expenses, manage payroll, and gain valuable insights into profitability. In 2025, investing in efficient farm accounting software is crucial for ensuring financial stability, tax compliance, and long-term growth.

This blog will discuss the top 7 farm accounting software solutions to consider, designed to meet the unique needs of modern farmers.

List of the 7 Best Accounting Software for Farmers in 2025

Here is a list of 7 top accounting software for agriculture businesses in 2025 to enhance financial management and operational efficiency on farms:

1. QuickBooks Commerce

QuickBooks offers powerful farm accounting software designed to simplify financial management for farmers and agribusinesses. With its user-friendly interface, QuickBooks enables farmers to easily track all income and expenses, manage invoicing, and generate accurate reports. Accessible via desktop, tablet, and mobile, it allows farmers to stay on top of their finances anytime, anywhere. The software also integrates with over 500 apps to streamline operations and offers automated payroll and tax compliance features. QuickBooks helps farmers manage cash flow, track inventory, and simplify agricultural bookkeeping, ensuring greater efficiency and accuracy in managing their farm finances.

Key Features:

  • Simple Invoicing and Automated Tax Tools: Streamline billing, track GST, and assist with e-lodging BAS and activity statements automatically.
  • Real-time Financial Data with Bank Feeds: Record transactions, monitor expenses, and view live bank updates for accurate financial tracking.
  • Mobile App with Receipt Capture: Snap photos of receipts and store them directly in the system for easy record-keeping.
  • Cash Flow Tracking and Forecasting: Gain insights into your farm’s financial health and create accurate projections for future growth.
  • Inventory Management for Farm Assets: Track livestock, machinery, and stock levels while receiving alerts when inventory is running low.
  • Free Setup Session and Support: Enjoy expert assistance during onboarding for seamless account integration and setup.

2. FarmBooks

FarmBooks is a comprehensive accounting software for farmers and ranchers. Developed by Sanders Software Consulting, Inc., it simplifies the complexities of farm finances with an array of features tailored for farm operations. With tools for accounts payable, receivable management, asset tracking, invoicing, and payroll, FarmBooks helps you maintain smooth cash flow and gain insights into your farm’s financial health. It supports multiple farms, making it ideal for larger operations, and includes inventory management to ensure stock levels are accurately tracked. This all-in-one solution makes managing your farm’s finances more efficient and user-friendly.

Key Features:

  • Accounts Payable & Receivable Management: Track all payments and receipts efficiently, ensuring your farm's cash flow is always optimized and under control, improving overall financial management.
  • Asset & Liability Tracker: Keep detailed records of your farm's assets and liabilities, providing you with a clear picture of your farm's financial health and helping you make informed decisions.
  • Invoicing & Check Writer: Easily create and send invoices to clients and use the integrated check-writing tool to streamline payments, improving transaction speed and accuracy.
  • Financial Management Reports: Generate detailed reports that provide insights into your farm’s performance, allowing you to analyze trends, identify issues, and plan for future growth.
  • Inventory Management: Stay updated on your stock levels with comprehensive inventory tracking, ensuring you never run out of necessary supplies while optimizing resources.
  • Intelligent Payroll & Multiple Farm Support: Simplify payroll processes with automated features and manage operations across multiple farms under one system, which is ideal for larger agricultural enterprises.
Figure 1: Basic Functions of Farm/Agriculture Accounting Software

3. Traction Ag

Traction Ag is a cloud-based farm management software specifically tailored to deliver accounting solutions for small to medium-sized farms. By integrating accounting, payroll, and operations, it connects field and crop data directly with financials to reveal profitability insights per field. Traction Ag enables farmers to streamline cost control, track real-time profits, and improve operational efficiency. With mobile access, this cloud-based farm accounting supports field-to-field data tracking and simplifies management through banking integrations and expert support. It’s built to enhance collaboration and provide accurate, actionable farm data for better decision-making.

Key Features:

  • Integrated Accounting: Links farm accounting data with fields and crops for precise profitability tracking.
  • Mobile Accessibility: Manage farm records, monitor operations, and access data on the go through mobile devices.
  • Bank Integration: Syncs with major banks for automatic transaction imports and real-time financial updates.
  • Team Collaboration: Share access with team members, accountants, and bankers to improve communication and decision-making.
  • Expert Support: Dedicated customer success team ensures smooth onboarding and quick resolutions to any issues.
  • Cost Management Tools: Track production costs and field activities to optimize profitability and reduce financial risks.

Case Study: Revolutionizing Farm Accounting for the Next Generation

Laura Ehnle and her family, based in Edelstein, Illinois, transitioned their farm’s financial management to Traction, a cloud-based software for farm management. After using traditional desktop software for over 20 years, they needed a modern tool to support the next generation of farmers. Ehnle’s son, who prefers mobile technology over desktop computers, found Traction intuitive and easy to use after a brief introduction.

Traction’s cloud-based platform allows for real-time collaboration, enhancing efficiency and accessibility. Ehnle appreciates having farm financial data at her fingertips, enabling quick decisions even while in the field. “With a few taps on your phone, you can see how a marketing decision impacts your profitability,” Ehnle says. This accessibility extends to Caleb Finck, who farms with his family in Tripp, South Dakota. Traction’s centralized platform enables his family to access financial data from any device, streamlining workflows.

The integration with bank and credit card accounts has transformed daily operations for both families. Ehnle, for instance, now handles bill payments automatically, reducing paperwork and saving time. Both families agree that Traction’s ability to synchronize data and offer mobile access has significantly enhanced their farm management practices, making it an essential tool for the future of their operations.

Source: ‘tractionag.com’

4. Xero

Xero is a cloud-based accounting software designed for small businesses, including farmers, accountants, and bookkeepers. It helps manage finances with ease, offering farming-specific features like real-time financial insights, automated workflows, and mobile access. With Xero, businesses can simplify tasks such as invoicing, bank reconciliation, payroll, and expense management. This accounting software with farm software integration integrates with over 1,000 third-party apps, including farm-specific tools, for a seamless experience. The farm accounting software offers a 30-day free trial, and pricing starts at $15 per month, making it accessible for businesses of all sizes.

Key Features:

  • Mobile Access: Manage your finances on the go with Xero’s mobile app, checking payments, entering receipts, and reconciling bank transactions from anywhere.
  • Automation: Automate routine tasks like bank reconciliation, sending reminders, and repeat billing to save time and minimize errors.
  • Customizable Dashboard: Get a comprehensive view of your farm’s financial health with easy-to-understand tables and charts that highlight key metrics.
  • Online Invoicing: Create professional invoices and encourage prompt payments by offering direct online payment options embedded within the invoice.
  • Farm-Specific Integrations: Connect with farming tools like Figured to better track crop and livestock data, improving overall business management.
  • Analytics & Forecasting: Use Xero’s analytics to track cash flow, forecast financial performance, and share insights with your accountant for better decision-making.

5. FarmRaise

FarmRaise is a farm-specific financial planning and reporting software designed to simplify farm finances. Trusted by over 20,000 farmers, it offers powerful tools for tracking income, expenses, and inventory management. Its user-friendly interface enables farmers to easily handle payroll, tax preparation, and grant applications. With FarmRaise, farmers can focus on what matters most: growing their businesses and crops. The agribusiness software integrates seamlessly with over 12,000 banks, offering robust farming-specific features at an affordable price. It also supports grant and USDA funding applications, helping farmers access financial opportunities. With its mobile app, you can manage farm finances from anywhere.

Key Features:

  • Income & Expense Tracking: Automatically syncs income and expenses, categorizes them for Schedule F, and exports data for tax filing, saving hours of work each month.
  • Inventory Management: Track farm inventory in real-time across devices with an intuitive system to update and manage products and supplies on the go.
  • Mileage Logging: Log farm vehicle mileage easily from the mobile application, even without an internet connection, ensuring accurate expense reporting.
  • Farm-Centric Reports: Generate detailed profit-and-loss statements and other reports, providing clear insights into your farm’s financial health.
  • Grant & USDA Support: Access USDA cost-share programs and farm grants with streamlined application processes, helping farmers secure vital funding.
  • Dedicated Customer Support: FarmRaise offers personalized customer service to assist with any questions, ensuring smooth and effective use of the software.
Figure 2: Significant Reports to Consider in Agricultural Accounting

6. AgriERP

AgriERP, developed by Folio3, is a top accounting software solution for farms powered by Microsoft Dynamics 365, designed to simplify and optimize farming operations. Awarded the "Farm Management Solution of the Year 2024" by Agtech Breakthrough, AgriERP empowers farmers to manage resources, labor, inventory, and finances through an integrated, user-friendly platform. Tailored for diverse farming types row crops, almonds, citrus, vegetables, and indoor vertical farms it offers tools to enhance productivity and profitability. Key farming-related features include advanced operations and resource management, AI-driven insights, and regulatory compliance support. 

Key Features:

  • Farm Operations Management: Plan, schedule, and track work orders to boost productivity and operational efficiency.
  • Resource Management: Optimize resource usage with a streamlined interface that improves productivity and cost management.
  • Inventory Tracking: Real-time inventory control for precise crop management and better supply chain oversight.
  • Labor Management: Efficiently manage your workforce to reduce costs and maximize productivity.
  • Tailored Solutions: Specialized management features for row crops, almonds, nuts, citrus, vegetables, and indoor vertical farms.
  • Integration Capabilities: Leverages Microsoft Dynamics 365 for seamless operations and AI-driven insights.

What is the main difference between ERP and accounting?

The main difference is scope: accounting software focuses on managing financial transactions and reporting, while ERP (Enterprise Resource Planning) systems integrate multiple business processes, including finance, supply chain, inventory, human resources, and more. ERP offers a broader, centralized platform for managing overall business operations beyond just financial management.

Read our blog, ‘ERP Vs. Accounting Software: 5 Key Differences,’ to learn the major differences between the two tools.

7. Figured

Figured is an intuitive farm-specific accounting software designed to streamline farm financial reporting and improve farm planning. Trusted by leading ag accounting firms, Figured offers powerful tools to enhance financial visibility and empower farmers, accountants, and bankers to make informed decisions. With real-time data and farm accounting reporting capabilities, it allows for more accurate budgeting, forecasting, and profitability analysis. Farmers can plan for the future with confidence, while accountants and advisors use detailed reports to offer tailored guidance. The platform integrates seamlessly with QuickBooks and Xero to provide comprehensive financial insights, making it easier to manage farm operations.

Key Features:

  • Dynamic Financial Reporting: Get detailed, real-time reports on cash flow, profitability, and equity, making financial analysis simple and empowering better decision-making for farmers and advisors.
  • Budgeting and Planning Made Easy: Quickly create farm budgets, track expenses, and manage finances with easy-to-use tools that help you spend less time on paperwork and more time planning.
  • Break-even and Profitability Analysis: Effortlessly calculate break-even points and field profitability to ensure you’re on track to meet all your financial goals without relying on complicated spreadsheets.
  • Long-Term Scenario Planning: Model long-term financial scenarios, up to 10 years, to help plan for future growth and make well-informed decisions about farm operations and investments.
  • Real-Time Financial Data Access: Keep track of your farm’s financial health with real-time data that is easily accessible to all team members, including accountants, farmers, and bankers.
  • Integration with Leading Software: Figured integrates with QuickBooks and Xero, offering seamless data synchronization for a comprehensive view of your farm’s financial status and operations.

Conclusion

The future of farm accounting software lies in integrating advanced technologies like AI, IoT, and data analytics to enhance efficiency, decision-making, and profitability. However, managing such systems involves complexities, including software updates, data security, compliance with financial regulations, and tailoring solutions to meet diverse agricultural needs.

Partnering with a third-party provider simplifies this process. Invensis offers comprehensive agriculture accounting and bookkeeping services, leveraging cutting-edge software tailored for farm management. Our solutions streamline financial tracking, inventory management, payroll, and compliance reporting. By outsourcing to us, farmers gain access to expert support, ensuring accuracy and efficiency without the burden of managing technology in-house.

We provide scalable services, customizable reports, and seamless integration with farm-specific tools. At Invensis, we empower agricultural businesses to focus on core operations while we handle their financial complexities with precision and reliability. Contact us today for efficient, reliable farm accounting and bookkeeping solutions!

Discover Our Full Range of Services

Click Here

Explore the Industries We Serve

Click Here

Related Articles

Revenue Cycle ManagementThe Impact of AI on Medical Claims Processing: 9 Key Impacts

AI is transforming the healthcare industry. Explore the top 9 impacts of AI on medical claims processing and how it enhances efficiency.

|

Read time: mins

Finance & AccountingThe Impact of AI on Procure to Pay: 6 Key Impacts

Integrating AI into P2P processes transforms procurement from a manual, error-prone task into a highly efficient workflow. Explore more impacts of AI on p2p here.

December 11, 2024

|

Read time: 5 mins

Finance & AccountingThe Impact of AI on Record to Report: 5 Key Impacts

AI is transforming record-to-report processes by automating tasks and ensuring accurate financial reporting. Know more about such impacts here.

December 10, 2024

|

Read time: 7 mins

Services We Provide

Industries We Serve

Finance & Accounting Related Services