AgManager Farm Accounting Software

General Ledger

The core module of AgManager. Used to define accounts, vendors, products and commodities appropriate for your business with transaction entry and basic basis reporting.

Balance Sheet

Produces a variety of balance sheets, such as Cost Basis Balance Sheet, Market Basis Balance Sheet, or Combined Cost and Market Basis Balance Sheet.

Accounts Payable

Contains a number of features to help you manage invoice payments so discounts won't be lost and crucial payments can be made in a timely manner.

Accounts Receivable

Can utilize billing by statement or invoice, discounts, and added charges for past due payments.

Payroll

Calculates payroll and provides comprehensive reporting for management and compliance purposes. Supports payroll for salaried employees, hourly employees, and employees paid by piece work, and can accumulate and report sick and vacation time.

Managerial Accounting

Adds a level of detail to break down the Operations portion of the General Ledger by the center. Each Operations transaction is coded with additional information that identifies the production cycle and center the transaction applies to. Profit and cost centers are used to accumulate totals for activities within the business.

Financial Forecast

Divided into four activities:

- Entity Forecast: builds a projected budget for entity operations.

- Managerial Forecast: assembles a projected budget of operations by center and production cycle.

- Capital Forecast: helps budget the capital activity of assets, liabilities, and equity.

- Forecast Reports: combines either one Entity Budget or one Managerial Budget with a Capital Budget for reporting purposes.

Farm Financial Reporting

Available for cash basis taxpayers who also include market values for their assets during setup.  The Income Statement provides Accrual-Adjusted reporting for Cash Basis Taxpayers.

Raised Inventory

Contains two raised inventory function levels:

- Entity Level: Update Market Values screen used to record additions to raised inventory which is automatically reduced as the inventory is sold.

- Managerial Standards Level: Work in Process (WIP) Inventory screen and Crop WIP screen record inventory flow of livestock and crops to automatically cost raised inventory on a per unit basis.

Tax Reporting

Contains two groups of reports. The first group supplies information for tax planning and tax preparation. The second group helps you identify which vendors need 1099’s and then allows you to print or eFile your 1099’s.

Trend Reporting

Provides multi-year entity trend information from several perspectives.

Available reporting options include:

- Detail Accounts Trends

- Cash Flow Trends

- Balance Sheet Trends

Purchased Inventory

Automatically costs out purchased livestock as they are sold or die. There are several methods that can be selected for this costing:

- FIFO (First In, First Out)

- LIFO (Last In, First Out)

- Average Cost