The Double-entry accounting application allows for rapid and professional registration, respecting international double-entry standards. Work expeditiously and obtain the Balance Sheet, Income Statement, Financial Planning, Budget and many other reports in an instant. Many complex operations, such as VAT management, multi-currency, the drafting of the balance sheet and the income statement have been made very simple because they are all automated.
- Start Immediately without wasting time. Banana Accounting provides you with various templates for the most diversified needs.
- Comprehensive and professional automated opening and closing balances. You no longer have to register to close and open the balance sheet, because the transition to the new year with the carryover of the opening balances is automatic.
- Automated account cards (ledger). The carry forward of amounts is automatic after posting in the journal (Transactions table).
- The Balance Sheet and the Income statement can be displayed instantly with a click and you can choose either a simple structure with the grand totals or a more detailed structure, with intermediate totals for the subgroups .
- To register VAT, you do not need to enter an additional transaction, but simply enter a code that allows to calculate the VAT amount and to record it simultaneously in the VAT account.
- VAT Forms are automated thanks to specific extensions that will allow you to send VAT data to the tax authorities.
- You don't have to wait till the end of the year to find out the profit or loss, because after each registration you have the updated balances with an indication of the operating result.
- In the same accounting file, you can set the budget to be able to estimate the financial planning and that relating to expenses and revenues thus providing for a future free of uncertainties.
- Video: how to start a Double-Entry accounting
- Elements of Accounting
- Organizing your accounting documents
- Accounting on turnover or collected