University of Maryland Extension

Which computer accounting program should I use?

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.


Previous page: Recording financial transactions
Next page:
What accounting period should be used?


Maintained by the IET Department of the College of Agriculture and Natural Resources. © 2021. Web Accessibility

University programs, activities, and facilities are available to all without regard to race, color, sex, gender identity or expression, sexual orientation, marital status, age, national origin, political affiliation, physical or mental disability, religion, protected veteran status, genetic information, personal appearance, or any other legally protected class. If you need a reasonable accommodation to participate in any event or activity, please contact your local University of Maryland Extension Office.