The first step to enabling Multi-Farms is to setup the entities within the accounting software. The process for this depends on what accounting software is being used. Follow the links below to find the applicable instructions for the setup within the accounting software.
Setup inside of Xero
Learn how to set up Xero tracking categories here.
Learn how to set up Xero tracking categories here.
Using Xero’s tracking category and options feature, you can plan and manage all production (for multiple farms) all trading under the same entity in Figured using Multi-Farm (Multi-Enterprise).
You can see the individual performance of each farm, as well as a consolidated view of the entire business.
If you have more than one Xero trading entity, you’ll need multiple Figured accounts, as Multi-Farm (Multi-Enterprise) is only suitable for multiple farms, trading under one legal entity.
Go to Settings > General Settings, click on Tracking and Add Tracking Category. Under the Category add in as many Category Options as needed, these will be used to create each "farm" in Figured.
Setup inside of MYOB
Learn how to set up jobs within MYOB here.
Setup inside of QBO
Learn how to set up QBO location tracking here.
Enabling Multi-farm in Figured
Once the setup within your accounting software has been completed, run a sync in Figured then go to 'Settings' > 'Multi-Farm' (for Farm Manager files) or 'Settings' > 'Multi-Enterprise' (for Commercial Manager files) and configure the settings.
On this page select Yes from the drop down menu to enable Multi-Farm.
In the example below we have the option to select a Tracking Category, this is derived from the tracking category name you added in your accounting software. You will want to select the tracking category name associate with your entities. The language on this page may differ depending on the accounting software being used, however the functionality remains the same. Each Multi-Farm option can be setup as either:
Farm Manager
Financial Manager
Don't use in Figured
Once your options are selected then click 'Save'.
Using Multi-Farm
Once you’ve done this a new drop option will be shown on the top of the page which dictates how you view your multi-farm (multi-enterprise).
Consolidated – This brings together all information from each farm and shows consolidated reports and budgets
Unassigned – This is where all information not attributed to one particular farm e.g. Operating Expenses can be entered
Farm Name – Per farm and there’s no limit to the amount of farms you can have, under one Xero trading entity
If you're on a Farm Manager file, you can move on to setup your production trackers for Multi-Farm.