We use Xero for our farming business and are looking at the Figured add on for our budgeting. Do you think it is worthwhile and a worthy addition rather than doing our budgeting in excel?
We have both livestock and cropping enterprises.
Thanks in advance,
Airlie
Hi Airlie,
Love the concept and haven't tried it recently - we used for a couple of years, but on the dairy/livestock side there was a lot of manual entry required without filling in for the tracking reporting I do, so I was still using Excel as well (...double entry...), and the calculations weren't able to be customised (eg, milk price). For the cost, I was doing too much elsewhere.
The link to Xero was great, only issue there was that the notes on Figured didn't transfer to Description in Xero (also something I use a lot for grouping in reports in Xero).
Hoping the features improve, because there's nothing else in that space, and there's a lot of potential.
~ C
Hi Airlie,
We received this email from a subscriber who is an accountant in the ag space. She said:
We use Figured with some of our primary producer clients, specifically those in cattle and sheep production. It has been a significant time saver for both them and us, and makes comparing budget to actuals so much simpler! I would certainly recommend it.
Kitson | 2170 days