How to start with an Investment Accounting

Banana Accounting Software

You need to install Banana Accounting Plus on your computer.
Currently, the Investments and Portfolio Accounting functionalities are available only in the:

• Banana Accounting Dev-Channel (From version 10.2.1)

Setup the Accounting File

There are different ways to set up an Investment Accounting file in Banana Accounting:

• Adapt an existing accounting file
  Most accounting files do not initially include investment or portfolio management. In these cases, the Investment Accounting functionality can easily be added to an existing file, allowing you to expand your current setup without starting from scratch.
• Start with an existing template
  Accountants or professionals managing multiple entities with investments often prefer to start a new file by copying an existing one that has already been configured for investment accounting. This ensures consistency and saves setup time.
• Template examples
  To help users understand how Investment Accounting works, we provide two ready-to-use universal templates.
  These templates include all the necessary tables, columns, and settings to get started quickly and explore the full potential of Banana’s integrated investment accounting system.
  • Double-entry accounting with Investment Accounting
  • Multi-currency double-entry accounting with Investment Accounting

Managing Crypto-Currencies

Crypto-currencies like Bitcoin, Ether, can be managed as normal currencies. The main difference is that they use 6, 18 or more decimal places. 

Template are usually available with 2 decimal places, but you can easily convert the accounting to use more decimal place for the foreign currencies.

• Menu Tools > Convert to a new file.