In this article
Banana Accounting allows you to create budgets and financial plans using the same methodology as accounting.
Integrated budget management makes it possible to simulate the future development of the business in a simple and professional way, without having to use separate tools for economic and financial planning.
Budgeting in Banana Accounting differs from many other management systems because it is not a separate module or a simple budgeting tool, but is integrated directly into the accounting logic of the program.
The planning function, with forecasts for costs, revenues and liquidity, is integrated and available in all Banana Accounting Plus applications.
Introductory videos
These videos show practical examples of budgeting and financial planning in the different accounting types available in Banana Accounting.
- Double-entry accounting
- Income & Expense Accounting
The advantage of managing the budget within the same accounting file
Banana Accounting allows you to create budgets and financial plans using the same methodology as accounting.
Integrated budget management makes it possible to simulate the future development of the business in a simple and professional way, without having to use separate tools for economic and financial planning.
Budgeting in Banana Accounting differs from many other management systems because it is not a separate module or a simple budgeting tool, but is integrated directly into the accounting logic of the program.
The planning function, with forecasts for costs, revenues and liquidity, is integrated and available in all Banana Accounting Plus applications.
Introductory videos
These videos show practical examples of budgeting and financial planning in the different accounting types available in Banana Accounting.
- Double-entry accounting
- Income & Expense Accounting
The advantage of managing the budget within the same accounting file
- Directly in the Budget column of the Accounts table.
Enter the budget amounts on an annual basis.
In reports by period, the program divides the amounts according to the period (month, quarter, half-year, year). In this case, the allocated budget values are the same for each period.
- Using the Budget table, ideal for highly customizable and precise budgets.
This is an advanced and detailed budget because, in addition to the amounts, future transactions are entered like normal transactions. In this case, if a transaction does not apply to the entire year but only to a specific period, when entering the forecast transaction you can indicate the period or the end date to which it applies.
In the reports, you always have updated:- Future costs and revenues
- Forecast financial position
- Liquidity plan
- Forecast balance sheet and income statement
The two methods differ in the level of detail, available features and type of planning they provide.
Comparison table
Below is a comparison table between the budget entered in the Accounts table column and the budget entered in the Budget table.
| Feature | Budget in column | Budget in table |
|---|---|---|
| Where it is located | In the Accounts table, Budget column | Dedicated table: Budget |
| Activation | Always available (by default) | To be activated: Tools > Add new features > Add Budget table |
| Level of detail | Annual budget by account/category | Detailed transactions with dates and recurrence |
| Data entry | Total amount for the year | Individual transactions with date, account and category |
| Additional entries | Amounts only | Quantities, Prices, Calculation formulas |
| Transaction recurrence | Not available | Available (Repeat column) |
| Future liquidity by period | Not calculated | Calculated automatically (forecast cash/bank balances) |
| Results | Totals by account/category | Periodic details (day/month/year) + totals |
| Typical use | Simple forecasts, annual budget | Detailed forecasts, precise financial planning |