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Multi-farm (multi-enterprise) vs multi-entity in Figured

What's the difference between a multi-farm (multi-enterprise) and a multi-entity group?

Sam Seymour avatar
Written by Sam Seymour
Updated over 10 months ago

Figured has two products available for consolidated reporting, with them each having unique uses and options available.

Multi-Farm or Multi-Enterprise is used when you have one accounting software account with many entities inside that account, and you wish to have these under a single Figured farm.

Multi-Farm is available on Farm Manager farms, Multi-Enterprise is available on Commercial Manager farms.

Multi-Entity is used to consolidate existing Figured farms (all with unique accounts in your accounting software) into a group to allow for consolidated financial reporting.
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Multi-Farm / Multi-Enterprise:

  • Single accounting software file with a single GST number

  • Multiple entities (farming / non-farming) in the single accounting software file

  • One main Figured farm split up into many individual farms

  • Full planning / reporting

  • Production trackers and information (Farm Manager only)

  • Consolidated or "single farm" planning / reporting available

  • Additional cost per "farm"

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โ€‹Multi-Entity:

  • Many Figured farms all with unique files in your accounting software

  • Consolidated financial reports pulled from the main Figured farms - no further reporting / planning, no single farm reporting available

  • Can consolidate Multi-Farms into a Multi-Entity group

  • Inter-entity offsets between the farms selected

  • Consolidate account option available between the farms selected

  • No additional cost

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