Accounting

Farm Accounting

Take Control of Your Farm Finances

Analyze Field Profitability

The power of Traction Farm Accounting starts with managing your true financial numbers and tying them back to your fields. Traction does this better than any competing farm accounting software today. 

 

As you enter payment and deposit transactions, field profit center analysis is at your fingertips for tracking real-time profitability. Traction’s farm management software avoids the emotional decision trap and places more confidence in a profit-focused farm business.

Farm Accounting Software that tracks your field profitability.

Enter Transactions on-the-go

No reason to wait until the end of the month to catch up on your expenses. Leverage your phone or tablet for recording transactions on-the-go, while entering as much or as little information as you want. Use your device camera to take pictures of invoices and tag them to transactions. Farm accounting expense tracking has never been easier.

Chart of accounts built for you

We simplify the startup by providing you a set of income and expense accounts that match the Schedule F tax form. 

 

Setting up the chart of accounts correctly from the beginning will give you the power to better understand farm profitability. As new accounts arise or changes occur, accounts can be added or edited on the fly.

Traction Chart of Accounts is built for farmers.
Traction Farm Accounting for tracking multiple business entities

Handle Multiple Entities

If you have multiple businesses that require their own set of books, you’ll want a farm accounting software that can easily handle it. With Traction, you can set up an unlimited number of entities in order to separate or combine for tax reporting. 

 

This gives you the flexibility to look at your overall farm business in different ways. While many other accounting systems charge for multiple entities, we don’t.

Track Supply and Crop Inventory

Understanding your current inventory of seed, fertilizer, chemicals and harvested crops is critical for your growing farm business. Equally important is knowing the products applied to each field; as well as, understanding the crop traceability of each bin.

 

Because Traction is a fully integrated farm management software solution, easily enter product purchases and tie the inventory and values back to your fields. Drill down by clicking on the product and see a complete breakdown of field records and product purchases. The same technique is possible with harvested crops, providing you up-to-date inventory at your fingertips.

Manage product inventory using Traction.
Traction Drill Down Reports for Farm Accounting

Drill Down for Details

Our team understands there are times you need to dig and find more detailed information about certain expenses or accounts. With Traction farm accounting software, you can drill down from the chart of accounts or any report and see what made up those amounts. This eliminates you wasting time trying to understand where the numbers are coming from, saving you time and headaches.

Connect your bank accounts

We know entering transactions takes time from other things you enjoy doing, yet it is a critical step in calculating overall farm profitability. Make this process easier by safely connecting your financial institutions to Traction. Using the same security-level standards that banks use today, we can automatically import your bank and credit card transactions from thousands of financial institutions. This means less farm data entry for you, saving you time.

 

Connect to Bank of America, Chase, Wells Fargo, Citibank, Capital One, Farmers & Merchants, and many more.

"Traction is a perfect fit for our farm. Sharing information with our team was difficult in the past, but now it's easy. Having this info when we need it saves us headaches and time, putting us in better position with the banker."
Farmer Julie Rose Using Traction
Julie Rose
Minnesota Farmer

Key Features

Basic Accounting
Core Functionality
Two manager logins* ✔
Manage an unlimited number of business entities ✔
Connect your bank and credit card accounts to synchronize your transactions ✔
Perform standard tasks like adding/editing accounts, check printing, and reconciling bank statements ✔
Keep family living costs separate from farm costs ✔
Create field names and boundaries and see a map of your farm ✔
Instantly see how your farm business is performing on your dashboard ✔
Successful adoption through our one-on-one video conference training, live chat, email and phone support ✔
FINANCIAL REPORTS
Maintain your cash-based balance sheet and income statement with drill-down analysis on all reports ✔
Allocate income and expenses to fields and view a Field Profit Center Report ✔
See the amount of product used and units harvested on the Field Profit Center Report [requires Basic Operations] ✔
Generate financial reports for year-end and easily share with others ✔
INVENTORY TRACKING 
Enter product purchases and drill down to see activity for each product [requires Basic Operations] ✔
Track harvested crop inventory and see crop traceability for each bin [requires Basic Operations] ✔
MOBILE
Snap a photo of your receipt and tag it to a transaction using your phone ✔

*Additional manager logins can be purchased if needed.