Transactions
Transactions are entered using a checkbook-like register to keep
track of not only income and expenses but also asset, liability
and equity transactions. Income and Expense accounts can be
categorized by on which line of the Schedule C and Schedule F
it should appear. At the end of the year, a few simple reports
will make your taxes much easier.
Payroll
With Farm Professional, Payroll is as easy as it can be. After
your employees are entered into Farm Professional along with
their pay rates, you can use the Payroll Wizards to make your
payroll responsibilities easier. The Calculate Payroll Wizard
will do your payroll transactions in 3 Easy Steps. Within
minutes, your payroll is done. The Pay Employees Wizard takes
care of regular payroll checks as well as advances. The Pay
Payroll Tax Wizard makes paying payroll taxes easy.
Financial
Planning
Farm Professional will help you with your financial planning.
You can set up multiple budgets and compare any one of them to
your current financial status. You can report on your progress
by month, quarter or year. You can break down your finances
further by setting up Enterprises and allocating income and
expenses to each one. You can see just where you are making
a profit and where you aren't. You can also check out a number
of Financial Ratios to see where you might need to pay attention.