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Banana Accounting is a versatile accounting software. It can be used for different purposes.
When accounting is mandated by law
Business
- Required to do double entry accounting
Double entry accounting, with/without VAT or with/without multicurrency- Small companies (10 or more employees).
- Micro companies (1-9 employees).
- Companies or other organization with no employees.
Financial and Holding companies, Foundations, Asset management, Trusts.
- Required to report Revenue and Expenses.
- Small companies with revenue less then a specified amount
- Self employed individuals.
- VAT reporting
Certified public accountants (CPA)
Do accounting for other companies.
CPA doing accounting for small businesses usually prefer to use Double entry accounting.
Not for profit organizations
- Small non profit organization.
Income and expense accounting or double entry accounting. - Entities with institutional and commercial activities.
Double entry accounting. - International NGO
Double entry accounting with multi-currency.
Public sectors
- Small public entities.
Double entry accounting
Private and family accounting
- Private and Family accounting.
Income and Expense accounting. - Private and Family accounting with international investments.
Double entry accounting.
Auxiliary/ internal accounting
Not the main accounting
- Cash and liquidity management.
Income and Expense accounting.- Simple cash manager.
- Liquidity manager.
Companies that have a person that keep track of cash and banks.
- Project and Department accounting.
Income and Expense accounting.- Internal projects within larger organizations.
- Distributed accounting solutions
Keep local accounting, integrated in the ERP system. - Construction accounting.
Double entry or Income and Expense accounting.- Owners that build a property and keep track of the investment and progress.
- Contractors or architects that have responsibility of the construction’s project.
- Property management accounting.
Income and Expense accounting or Income and Expenses accounting.- Owner that mange a rented property.
- Condominiums.
- Professionals that manage properties for others.
Education
Banana Accounting is used as a tool to learn and exercise Double Entry Accounting.
- Basic accounting in low grade school.
- Introduction to accounting.
Show how the accounting works, with possibility. - Accounting training.
Students enter transactions (exercises on double entry accounting). - Accounting for a virtual company..
Budgeting and financial planning
Use the financial planning functionalities of Banana Accounting.
- Budgeting.
- Financial plan for a startup.
- Retirement planning.
Utilities products
Assets management
- Companies
Books catalog and loan management
- Small libraries
- Companies / legal practice
- Private
Address book
- Simple address management
- Google contacts editor
- Special adess management (Elenco patrizi)
Time sheet
- Employees for time tracking
- Companies for their employees
Future: project managment