Freelance | Income & Expense accounting

The Income and Expense Accounting module of Banana Accounting Plus allows you to manage your income and expenses across multiple accounts in a simple, fast, and professional way. While intuitive to use, it delivers professional-level results, as it is based on the same calculation engine as double-entry bookkeeping. This means you can easily generate balance sheets, income and expense reports, and manage cost and profit centers, segments, financial forecasts, and much more.

In the Accounts table, you will find the accounts to manage your resources (cash, equipment, clients, etc.), while in the Categories table, all income and expenses are categorized by item.

Certain functions require a subscription to the Advanced Plan of Banana Accounting Plus, such as the use of new features like Rules, Filter, and Temporary Row Sorting. Discover all the features included in the Advanced Plan.

Create your file

• Open the template using the WebApp of Banana Accounting. 
• Use the File > File Properties command to set the period, the name of your professional practice, and the base currency (you can create budgets and accounting in any currency).
• Use the File > Save As command to save your file. It’s a good idea to include your practice’s name and the year in the file name. For example: Studio Rossi-SA-20xx.ac2.

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

Quickly Enter Transactions

• Import transactions from your bank, postal, or credit card statements.
• Reminders: Send reminders for overdue payments.
• Reports: Track due dates and payment statuses.

Create Invoices and Track Deadlines

• Invoices
• Reminders
• Reports: Track due dates and payment statuses.

In our Documentation, you’ll find detailed explanations on various topics to help you optimize your accounting:

• Income/Expenses
• Accounts
• Categories
• Transactions
• New year
• Budget Transactions 
• Printouts