University of Maryland Extension

Which computer accounting program should I use?

Author: 
Dale M. Johnson, Extension Specialist, Farm Management

Urban Ag home | Table of contents

Some farmers record incomes and expenses in a ledger book. However, many farmers now have computers that simplify the bookkeeping. Even inexpensive computer tablets have the capacity to do record keeping. Computer accounting programs range from inexpensive to expensive and from simple to use to complex systems requiring considerable knowledge of generally accepted accounting principles. Most computer programs generate basic financial statements but some also offer advanced analysis and planning tools. The right program for the business depends upon all the factors mentioned in this chapter and the accounting background of those in the business responsible for bookkeeping. QuickBooks and Quicken are two generic computer programs that many farmers use for their bookkeeping. Some farmers will consult with an accountant in determining the best program for the business. Incomplete records will result in a poor financial analysis of the farm. Keep accounting records up to date throughout the year through routine record keeping daily or weekly.

 

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