When your farm records, your farm accounts and Xero talk to each other, you work from one set of numbers.
Most farms run their records in one place and their accounts in another. Then someone has to make the two agree.
There's a better setup now. Sarah Parkinson, founder of AgBooks, describes it as the gold standard: AgriWebb connected to Figured, and Figured connected to Xero.
Sarah Parkinson on connecting AgriWebb, Figured and Xero, from a Figured webinar.
How the Connection Works
If you're on AgriWebb, it integrates with your Figured file. Figured integrates with Xero.
That chain means you can work from one set of accounts across everything you need, instead of re-entering and reconciling between systems.
1. AgriWebb
Where your farm records live, if you're on it.
2. Figured
Your farm accounts, connected to AgriWebb.
3. Xero
Your accounting software, connected to Figured.
What You Get Access To
Once the systems are connected, Sarah says you get access to full production reporting, cash flow forecasting and budget versus actuals, among other things.
- Full production reporting, so production sits alongside the financials.
- Cash flow forecasting, so you can plan ahead, not just look back.
- Budget versus actuals, so you can see how the year is tracking against your plan.
So What Does This Mean for You?
One connected set of accounts means fewer gaps and less double handling.
It also means the reports you need are there when you need them, not rebuilt each time.
Not Sure Your Systems Are Set Up Properly?
Book a Discovery Call and we'll look at how your records and accounts connect today and what could be tightened up.
Book Your Discovery CallSource: Sarah Parkinson, AgBooks Australia, in a webinar hosted by Figured. Watch the clip on YouTube. All or any advice contained in this article is of a general nature only and may not apply to your individual business circumstances. For specific advice relating to your situation, please contact your accountant or the AgBooks team.
