Company | Double-entry multi-currency accounting | VAT
Company | Double-entry multi-currency accounting | VATTemplate featuring a chart of accounts structure with all the settings and columns for managing accounts in the base currency and any foreign currency, including virtual currencies. Further insights on the various aspects of multi-currency management are available on our pages dedicated to Multi-currency.
For VAT management with the new rates, detailed information is available on the web page VAT Management.
Create your file
- Open the template with the Banana Accounting Plus WebApp.
- Using the File > File Properties command, set the period, your company name, and the base currency (you can do budgeting and accounting in any currency).
- Using the File > Save As command, 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 with reference to the base currency and exchange rates. Opening rates are set only the first time Banana Accounting is used. At the turn of the new year, they will be automatically carried forward according to 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 on your computer.
To reopen the saved file click on File > Open.
All the settings and features are available for:
- Creating and printing invoices with the Swiss QR code
- Importing data from bank statements
- Setting up Rules to store and automate the completion of imported bank transactions.
- Managing VAT according to the new VAT rates
- Managing cost centers, customizable according to your needs to get detailed insights on specific accounts.
- Creating budgets and financial forecasts
- Printing all the reports you need: Balance sheets, Journal, Account cards, VAT reports, Open invoices, and much more.
Some features require a subscription to the Advanced plan of Banana Accounting Plus, such as generating previews or the XML file of the VAT Statement, using the new Rules, Filter, and Temporary Row Sorting functions. See all the features of the Advanced plan.
You can record all possible cases of foreign currency transactions, including transfers and operations that do not involve the base currency.
In our Documentation you will find all insights and topics related to multi-currency accounting, including: