Using accounting software to manage your business and its finances is a wise decision. It can help you plan future sales and create what-if scenarios for your operations, which can help you plan future business strategies.
Some farm management program even include ratio analysis to help you calculate standard farm-specific ratios and understand trends. Knowing the location of your farm with conditions can help you solve problems and become more profitable.
Production Analysis is a tool that provides detailed information on crops and livestock based on unit prices. With this information, you can see where changes need to be made and make smart decisions about how to increase your profits.
Another useful tool is the ability to spread complex transactions across multiple accounts and production units, rather than just linking transactions to a single account. Multiple account distribution, which most major software programs don't offer, can provide a more accurate financial picture of your farming business.
The ability to track detailed information on every aspect of your operations allows you to retrieve that information when you need it, making it easy to provide third party information as needed.
A good farming system provides comprehensive financial analysis with the ability to structure and group all operations, profit centers, accounts and inventory to track data, combine units and obtain relevant operational reports.