Avoid mistakes with Banana Accounting Plus
In order to facilitate checking your accounting work and to immediately find differences, in Banana Accounting Plus, our new version, we added the Balance column in the Transaction table. You can now see potential differences on each row and you can correct them right away. It is a very useful feature when closing the accounting period.
Many of our clients have already tried it and are enthusiastic about it. We advise you to switch now to Banana Accounting Plus and take advantage of the many new features.
When using Banana Accounting for the first time, the opening balances need to be inserted manually in order to create the opening balance sheet.
After having set up the Chart of Accounts, proceed as follows:
- Place yourself in the Accounts table, Base view, Opening column.
- Manually enter the opening balances of the Assets and Liabilities accounts. The Liabilities are entered preceded by the minus (-) sign.
- Check if the total Assets equals the total Liabilities so that your accounting balances. If there are differences in the opening balances you need to check and correct them.
In order to automatically transfer the opening balances for the next year, consult the lesson Create New Year