The highly anticipated Accrual Balance Sheet is now available. This report gives you a more accurate picture of your farm’s business performance, helping you understand what is really generating a profit or loss. Enjoy!
Basic Accounting
Improvements to Chart of Accounts
- Requires Traction Basic.
- Interface and speed improvements for easier navigation and scrolling.
- Inactivate accounts allows you to remove it but keep the history if there was a balance or activity.
- Delete specific unused accounts like crops, supplies and property/equipment as if it was never added.
- Entities displayed are based on previous selection.
Advanced Accounting
Accrual Balance Sheet
- Requires Traction Pro.
- View, print and export an Accrual Balance Sheet for any number of entities that includes all assets and liabilities (including accounts receivable, inventory, prepays and accounts payable) at cost values.
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Brian Stark
Brian Stark is the Product Marketing Director for Traction Ag, based in Auburn, Indiana. Prior to co-founding the company in 2020, he led the sales and marketing efforts at Farm Works Software for 14 years and was part of Trimble’s marketing and communications team for 10 years. He completed his undergraduate degree from The Ohio State University in Agribusiness. Brian and his wife, Kimberly, own a Centennial Farm in Edgerton, Ohio, and have three children.
accrual balance sheet chart of accounts farm software updates