An integral part of managing a farm operation or a business of any type is making sure the financial software being used best fits your needs. There are many options available in today’s marketplace, Peachtree and Xero are two we see often and are proficient in here at Holbrook & Manter, CPAs, but Intuit QuickBooks still remains one of the most heavily used programs. This month, we take a look at this particular accounting software and its many offerings and benefits.
QuickBooks has various editions available to best suit the needs of your type of business. Features are tailored with terminology familiar to your industry. During QuickBooks setup, by selecting the Agriculture, Ranching or Farming industry, it will create a preset Chart of Accounts that provides a set of income and expense accounts that match the Schedule F filed on your tax return. With QuickBooks you can process payroll, manage accounts payable, produce customer billing, track inventory, and perform many other functions needed on a daily basis.… Continue reading
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