Agriculture & Farming Chart of Accounts

A comprehensive accounting structure tailored for agriculture & farming businesses

Why Use This Template?

A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the agriculture & farming sector. This template includes industry-specific accounts and categories designed to match your business operations.

How to Use This Template

Review the account structure below
Download in your preferred format (CSV or PDF)
Customize account codes and names as needed
Import into your accounting software

Chart of Accounts

Account Code	Account Name	Category	Type	Description
1101	Cash	Asset	Current Asset	Physical cash and bank accounts
1102	Accounts Receivable	Asset	Current Asset	Money owed by customers for agricultural produce
1103	Inventory - Crops	Asset	Current Asset	Crops harvested and held for sale
1104	Inventory - Livestock	Asset	Current Asset	Livestock held for breeding, sale, or production
1105	Seeds and Fertilizers	Asset	Current Asset	Seeds, fertilizers, and other farming supplies
1201	Farming Equipment	Asset	Fixed Asset	Tractors, plows, and other farming machinery
1202	Buildings and Storage Facilities	Asset	Fixed Asset	Barns, silos, and other storage buildings
1203	Land Improvements	Asset	Fixed Asset	Irrigation systems and other permanent land improvements
1401	Prepaid Insurance	Asset	Prepayment	Insurance premiums paid in advance
1402	Prepaid Rent	Asset	Prepayment	Advance payments for leasing farmland or equipment
2101	Accounts Payable	Liability	Current Liability	Money owed to suppliers for seeds, fertilizers, or equipment
2102	Taxes Payable	Liability	Current Liability	Unpaid property or agricultural taxes
2103	Wages Payable	Liability	Current Liability	Unpaid salaries and wages owed to farm laborers
2201	Equipment Loan Payable	Liability	Non-Current Liability	Long-term loans taken to purchase farming equipment
2202	Land Mortgage Payable	Liability	Non-Current Liability	Mortgage loan for farmland
3101	Owner's Equity	Equity	Equity	Owner's initial and additional investments in the business
3102	Retained Earnings	Equity	Equity	Cumulative profits retained in the business
4101	Depreciation Expense - Equipment	Expense	Depreciation	Depreciation of tractors and other farming equipment
4102	Depreciation Expense - Buildings	Expense	Depreciation	Depreciation of barns, silos, and other buildings
4201	Seeds and Fertilizer Costs	Expense	Direct Costs	Costs of seeds, fertilizers, and soil treatment
4202	Feed and Veterinary Costs	Expense	Direct Costs	Costs of animal feed and veterinary care
4203	Direct Labor Costs	Expense	Direct Costs	Wages for workers directly involved in crop production or animal care
4301	Farm Rent	Expense	Overhead	Cost of leasing farmland or storage facilities
4302	Utilities Expense	Expense	Overhead	Electricity, water, and fuel expenses for farm operations
4303	Administrative Salaries	Expense	Overhead	Salaries for administrative and management staff
4304	Repairs and Maintenance	Expense	Overhead	Maintenance costs for equipment and buildings
5101	Crop Sales Revenue	Revenue	Revenue	Revenue generated from the sale of crops
5102	Livestock Sales Revenue	Revenue	Revenue	Revenue generated from the sale of livestock
5103	Agritourism Revenue	Revenue	Revenue	Revenue generated from farm tours and events