Genet-Assist

Genet-Assist is a software solution designed by Wil-Tech Software Ltd. to assist in farm and small business accounting. According to the vendor, this comprehensive tool is targeted at small businesses and farms, catering to the needs of farmers, small business owners, agricultural professionals, accountants, and bookkeepers. With its user-friendly interface and a wide range of features, Genet-Assist aims to streamline accounting processes and provide essential tools for tax planning and reporting.

Key Features

Farmtool: According to the vendor, Farmtool is an easy-to-use software tool that provides the necessary information for Income Tax preparation and tax planning. It includes a comprehensive CCA section to track the UCC balance on every piece of equipment on the farm. Genet-Assist also tracks GST and PST paid and received on income and purchases, providing the necessary numbers to complete CRA GST rebate forms.

Farmtool Companion: The vendor claims that the Farmtool Companion feature keeps accurate records of field work done on the farm. It allows users to easily enter field records, including the date, description of the operation, applied rates, and comments. The program minimizes keystrokes by enabling the same operation to be entered on multiple fields. Additionally, it maintains service records for all machinery on the farm, including the date of service, exact job done, cost, and comments. Service records are easily entered and accessible through service records reports.

Inventory Management: According to the vendor, Genet-Assist adequately tracks the number of bushels of a commodity in each bin. It allows for easy adjustment of inventory in a particular bin to account for errors in estimating the starting inventory. The software provides summary reports to show the inventory in all storage areas on the farm, with options to include specific bins and commodities. When integrated with Farmtool, inventories are automatically adjusted during transaction entry.