LPF AgriBusiness is a financial system specifically developed for any type of farmer. This system has been in use for almost 20 years by 2 auditors in Porterville and Citrusdal (South Africa).

What sets this product apart from others is the fact that the user does not need any accounting knowledge. The user creates short phrases and then link the debit and credit information to it, i.e. “Pay Edgars”. Once the user selects the phrase, the debit and credit sides are filled in automatically. It usually takes 2 to 4 months to setup all necessary phrases, but after that the user simply selects “Pay Edgars” and fills in the amount. If the user needs to setup a new phrase but doesn’t know the debit and credit side, he/she simply phones us (LPF) or his auditor for assistance.

LPF AgriBusiess uses a screen similar to an excel sheet to capture the data. The data is available to be edited until a year end has been performed. Thereafter it can not be changed.

Capturing of financial data is always a tedious and time-consuming effort. Our system overcomes this by allowing the farmer to import his electronic bank statements as well as the detail of his co-op invoices. LPF AgriBusiness supports ABSA, Standard Bank, FNB, Nedbank (Banks), Kaap Agri and MKB’s (Co-Ops) electronic statements/invoices. Once again the user can link the transactions to specific financial codes in the system. This allows the system to complete the financial codes automatically when importing the electronic info.

LPF AgriBusiness also allows the farmers to do budgets and cash flows. The budget is also a simple input screen. When starting a new budget, the user usually takes the previous year’s actual values as a starting point. Various reports are available, i.e. Budget only, Budget vs. Actual, Budgeted Cash flow, etc. This allows the farmer to plan ahead.

The following reports are available in LPF AgriBusiness:
1. Financial Reports
a. General Ledger
b. Trial Balance
c. Income/Expenditure statement
d. Balance Sheet
e. VAT
2. Management Reports
a. Actual Cash Flow
b. Actual income and expenditure summary per month
c. Actual income and expenditure summary per month either per block, camp, farm, etc. This is to determine whether a certain physical area on the farm is making money or not.
d. Actual income and expenditure summary per month either per fruit type, cultivar, etc. This is to determine whether a certain commodity is making money or not.

Every business (farm) should have this system to analyse the business and manage their risk.

In the future LPF AgriBusiness will also contain financial ratios, wealth indicators and any other indicators that could assist the farmer.

Please note that this product carries an yearly license fee. The Price as per above, has the first year included in the price.