Choose your own accounting

To create your own accounting, you can choose from the following options:

• Cash book 
• Single-entry accounting
• Double-entry accounting 
• Multi-currency accounting

The following are some guidelines for the criteria to make the best choice:
                       

Minimum personal requirements	Cash Book	Single-entry accounting	Double-entry accounting	Multi- currency
Basic user knowledge of a PC
Little or no accounting knowledge
Knowledge of the minimum accounting concepts, such as: Debit, Credit, Assets, Liabilities, Income, Expenses
Knowledge of accounting concepts and specific features for managing foreign currencies

Type of use	Cash Book	Single-entry accounting	Double-entry accounting	Multi currency
Income and Expenses in an account
Cash management in an office
Management of a building loan
Private accounting without accounts management
Private accounting with accounts management
Accounting for an association
Accounting for an association with an obligation to draw up a balance sheet or to be recorded in the Companies Registry
Accounting of a condominium
Accounting for freelance professionals
Accounting for shops and restaurant owners
Small businesses not recorded in the Companies Registry
Companies recorded in the Companies Registry
Accounting with accounts management and transactions in several currencies

Functionality	Cash Book	Single-entry accounting	Double-entry accounting	Multi currency
Internationally recognized method
Transactions and accounts in several currencies
Separation between income and expenses categories
Management of several accounts
Entry from one account to another
Splitting-up of a payment over several expense categories
Accounts or categories cards
Transactions ledger
Cost and Profit Centers
VAT management and summaries
Summary statements
Balance Sheet and Profit and Loss Statement
Calculation of exchange rate differences

Tests

Tests can be conducted using existing models.
           

Conversion from one type to another

Banana offers a command that allows a file of a certain type to be converted into a file of another type. The software automatically adapts the chart of accounts and entries.
           

Help

To ensure compliance with tax requirements, you can also obtain assistance from your own accountant/tax consultant for the following:

• Choosing the type of accounting
• Defining the accounting set-up
• Making the first entries
• Verifying the entries made
• Closing the accounting year

An effective collaboration method is to exchange accounting files by e-mail. Your accountant/tax consultant can check the accounts and make all the changes that may be required. After completing the check to ensure everything is correct, your accountant/tax consultant can send back the file to you and you can print out the results or continue making entries.


Top of the page