When you’ve purchased a consumable, normally you’d keep it in the shed before you’re ready to use it. You’ll do the same thing with Figured, but instead of the shed on Figured, it goes into the Product Tracker!

By recording your purchase through the product tracker, you only have to enter it once and then we’ll post it through to Xero for you too.

Your product tracker is available under Operations > Trackers

Your product tracker can be used to buy and use products - read below to learn about buying products, otherwise check out this article on how to use your products.
 


Purchasing products in your product tracker

Once you're inside your product tracker, click Add transaction > Add cost.

Addding a cost - details

When adding a cost transaction, you'll need to enter the following information, split into two sections.

Invoice information:

  • Type (actual / forecast)

The ability to add it as an actual or forecast depends on your global date settings in the centre of your screen.

In the above screenshot, I can raise an actual purchase between June 2019 - January 2020, or a forecast from February 2020 onwards.

NOTE: Actual purchases will always be posted to Xero.

  • Purchase and payment date

These are your standard accrual / profit and cash dates which'll dictate how the purchase information displays in your financial reports.

  • Contact (from Xero)

This is a required field if you're raising an actual, otherwise it's optional. This is a pre-filled list of contacts as per your Xero account. If you'd like to use a new contact, you'll need to add it in Xero first and run a sync in Figured.

  • Reference

This is an optional field, if you add it in it'll be added to your Xero invoice.

  • Notes

This can be any additional notes you want to record against a purchase.


Product information:
Along with the invoice information, you'll need to provide information for any products that you're purchasing.

  • The item you're purchasing

This is a pre-defined list of products which includes things like herbicide or LPG, along with any other crops / products too like Hay or Linseed. 

If you'd like to purchase something not on this list, head to your Product tracker and add a new Product. Then you'll be able to add a purchase of this new product.

  • The account for purchase

This is the Xero account which should be associated with the product purchase. 

  • Tax rate

Depending on the account you select, we'll pre-populate the tax rate for you. Otherwise you can adjust the tax rate to whichever other tax settings are available for your country.

  • Activity

The activity is where you define what this purchase is for in relation to your crop season.

An activity can be: preparation, seeding, growing, harvesting, or sales and storage.

  • Quantity and price

The quantity of product that you're purchasing, this will be in units e.g. kg. Along with that, you'll enter a price which is $ / unit e.g. $ / kg. Filling in the quantity and price will auto-populate the total amount for you.

  • Field distribution (optional)

When a purchase is made directly within a product tracker, you can choose to distribute some of it to fields / crop seasons immediately if you'd like to. If you'd just like the product to be bought and go directly into the product tracker - don't fill in the distribution.

Field distribution is how you nominate the fields which are associated with your product purchase.

For example if you are planning to grow Corn across two fields, North & South, and you wish to attribute your newly purchased herbicide to North Field, your field distribution would be 100% North Field.

NOTE: If you wish, your field distribution can be set to Product tracker so the sale is not attributed to a crop season or type.


Working from Xero first 

While we encourage you to enter your product purchases through Figured first, we know not everyone will necessarily enter all actual purchases or sales through Figured first, some may be entered in through Xero and flow through to Figured. In this instance, we use the Allocator to record a purchase in order to send the product to the Product Tracker.

When we select Record a purchase against a Xero transaction in the allocator, we will need to select the product that has been purchased from the drop down list and also enter the quantity of the product. Saving this allocation will then send the product to the Product Tracker where we can apply the product as necessary.

NOTE: If the product does not exist in the dropdown list, you may need to create the product - you can add new products in the Product Tracker.


Product Tracker & Allocator Workflows

 Learn more:

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