Multi-Farms in Figured (also referred to as Multi-Enterprise on Commercial Manager files) allow you to utilise the tracking categories/jobs that are built into the accounting software. For example, this can be used when there is one Xero account with many entities inside that account, and all of these entities need to exist within one Figured file.
Multi-Farm allows you to easily split apart the single Figured farm into "multiple farms" meaning these different farms share the same accounting software settings and one Figured file. For Xero, this looks like tracking categories. MYOB, jobs and QuickBooks Online, location tracking.
For example, if you have a Dairy, Beef, and Land Trust operation setup in one Xero account, you'll be able to have a "Dairy Operations" and "Beef Operations" within the single Figured multi-farm. Furthermore, you can choose to not use the Land Trust operation at all if not needed by utilising our “Do not use in Figured” option.
You can use the below image to visualise how a multi-farm works:
You'll be able to run reports on your consolidated operations, or just one at a time:
NOTE: Multi-Farm brings an additional cost: each farm is an additional Figured license.
Your current subscription cost can be found under the Farm > Settings > Billing.
For more information on setting up your Multi-Farm, check out this article.