Sole proprietorship | SME | Simplified plan | Double-Entry Multi-Currency Accounting

The multi-currency model based on double-entry accounting, this model allows you to manage accounts in foreign currencies as well as the base currency.

Create your File

• Open the template using the Banana Accounting Plus WebApp.
  Use the command File > File Properties to set the period, your company name, and the base currency (you can manage your budget and accounting in any currency).
  Use the command File > Save As to save the file. It's helpful to include the company name and year in the file name, e.g., "Rossi-SA-20xx.ac2".
• In the Exchange Rates Table, set the foreign currencies always in reference to the base currency and their exchange rates. Opening exchange rates are only set the first time you use Banana Accounting. When transitioning to a new year, these rates will be automatically carried over based on the closing rates entered as of 31.12.

ATTENTION: If you close the browser without saving, the data you entered will be lost. Always save the file on your computer.

To reopen the saved file, click File > Open.

In our Documentation, you will find detailed explanations and topics related to multi-currency accounting, including:

• Multi-Currency
• Getting Started
• Theory
• Features
• Chart of Accounts
• Exchange Rates Table
• Transactions
• Account Card
• Budget
• Enhanced Balance Sheet with Groups
• Changing the Base Currency