Quarterly Product Update - April 2025

What’s New – Empowering Farmers for Success

This quarter, we've been focused on delivering the features you've asked for! From enhanced tools for accountants to smarter onboarding, these updates are designed to make managing your financials easier and more efficient. We're excited to share what's new!

General feature updates:

Professional partner updates:

Farm Focus now handles GST corrections as late claims, automatically adjusting them in the next available GST return. No more workarounds like $0.00 invoices! Late GST claims will now appear in the correct sections of the return, ensuring accuracy and improving efficiency for accountants. This update meets GST requirements and saves time, making your financials more streamlined.

Protect your key financial data with confidence using the new Lock a Date feature, available for accountants with access to a Workspace. This lets you lock your actuals up to any date you choose. Once locked, only you or your practice can make changes, ensuring that your year-end financial reports stay accurate and unaltered. Important note: the lock date refers to the end of the year, not the end of the GST period.

Getting started with Farm Focus has never been simpler! Our upgraded sign-up journey helps you onboard faster by:

This personalised experience ensures we’re ready to support you from the very beginning!

On the Reports page, simply enter your assets and liabilities to quickly calculate your equity position. It’s an easy way to see where you stand financially!

Farm Focus has introduced a one-to-one direct matching feature for your invoices and transactions. Direct matches can now be quickly accepted or declined within the Matching screen. This update makes reconciling faster, more accurate, and reduces the risk of errors

Farm Focus now offers new templates tailored to the horticulture industry, making it easier to set up your finances. Whether you’re working with Stone Fruit, Pip Fruit, Avocados, Root Vegetables etc these new templates have the right income and orchard expense codes. Available when creating or updating a subscription, it’s the easiest way to manage your horticulture finances.

Accountants and users can now select multiple coding lines to recode and tag on the Completed page. This makes year-end reconciliation quicker and more efficient, so you can close the books and wrap up your year faster.

Farmers can now see if the “Other Party” on an invoice is already in their Contacts and whether that party has a bank account – all from the Needs Action page. It’s a simple way to save time and stay organised.

Stay on top of your spending with new variance insights! These highlight your biggest overspends by comparing actual spend year-to-date with your Working Plan or last year’s actuals. Plus, if you click on any variance, you’ll get a video explanation to help you understand the importance of planning. No plan? No problem! You’ll be prompted to create one using last year’s actuals or start fresh.

New resizable, movable tutorials are now available right on the Planning page! These step-by-step guides can be dragged around your screen, giving you helpful tips exactly where you need them—no more toggling between screens!

See how your finances are tracking this year compared to last with a new comparison line on your cashflow graphon the Dashboard. This feature helps you visualize trends, spot progress, and make smarter financial decisions.

To help you stay compliant with new "Confirmation of Payee" rules from banks, you can now add your legal account name in your bank account settings. This name will show up on your tax invoices, reducing fraud and ensuring payments are processed correctly.

At Farm Focus, we’re always working to make your financial management easier, smarter, and more secure. Stay tuned for even more exciting features coming soon!