Sole proprietorship | SME | Double-entry multicurrency accounting

The multicurrency model, based on double-entry accounting, allows you to manage accounts in other currencies in addition to the base currency.

Create your file

• Open the template with the Banana Accounting WebApp
• From the menu File > File properties, set the period, your company name and the base currency in any currency you want.
• From the menu File > Save as, save the file. It is useful to include the company name and year in the file name. For example: "Rossi-SA-20xx.ac2".
• In the Exchange rates table, set the foreign currencies always in reference to the base currency and exchange rates. Opening rates are set only the first time you use Banana Accounting. At the beginning of the new year, they will be automatically carried over based on the closing rates entered on 31.12.

WARNING: if you close the browser without saving, you will lose the entered data. Always save the file to your computer.

To reopen the saved file, click on File > Open.

In our Documentation you will find all the insights and topics for multicurrency accounting, including:

• Getting started video
• Multicurrency
• Getting started
• Theory
• Features
• Chart of accounts
• Exchange rates table
• Transactions
• Account card
• Budget
• Enhanced balance sheet with groups