Tables

Accounts table

In the Accounts table, the Chart of Accounts is being entered: The Assets and Liabilities accounts make up the Balance Sheet, the Expenses and Income (Revenue) make up the Profit & Loss Statement.

For every account, enter:

• the description
• the BClass (1 for Assets, 2 for Liabilities, 3 for Expenses, 4 for Income)
• the Gr to which the account belongs
• the opening balance in case Banana Accounting is being used for the first time (in the following accounting years, the transfer of the balances takes place automatically with the Create New Year function)

In Banana Accounting, you must always remember:

• The debit balances are positive
• The credit balances are negative (with a minus sign in front).

Please note: this rule only applies when you manually insert opening balances.

To correctly configurate and set up the chart of accounts, we advice you to study the lesson "Create a new chart of accounts"

Assets and Liabilities

Expenses and Income

The total debit balance must be equal to the total credit balance

Transactions table

In the Transactions table, all the accounting transactions are being inserted; it represents the Journal.  

The columns of Transactions table:

Totals table

The Totals table shows the totals per Group and serves to double check whether the accounting balances. It is calculated automatically by the program and the user cannot edit it.