Case guide

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.

Certified public accountants (CPA)

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 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.
• 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.