In this article
Discover how to close the accounting year in Banana Accounting Plus and how to create a new file for the new year.
Before moving on to the new year, we recommend downloading and installing the latest version of Banana Accounting Plus.
Creating a new accounting year
The transition to the new accounting period is always a very important moment and with Banana Accounting Plus you can do it in a very simple way. We have improved the documentation pages, adding several useful information.
Tip:
We recommend a careful reading of the documentation to avoid possible oversights during the closing of bookkeeping.
Double-entry accounting:
- Create the file for the new year so you can immediately start entering the transactions in the new accounting period, even if you have not yet closed the accounting of the previous year.
- Close the current year - how to proceed with the accounting operations at the end of the year.
Multi-currency accounting:
- Create the new year file in Multi-currency accounting.
- Close the multi-currency accounting year - how to proceed with closing operations and managing the closing exchange rates in order to calculate the exchange rates differences.
Income/Expense accounting:
- Create the new year file in Income/Expense accounting.
- Close the Income/Expense accounting - see page Year end closing operations in Double Entry Accounting.
Accounts Review:
We have posted a series of notes and suggestions on the Preparing the documentation for Audit page.
Work faster with the Advanced Plan of Banana Plus!
The Advanced plan of Banana Accounting Plus includes several functions to speed up your work and reduce the possibility of errors, including:
- Rules for the automatic completion of transactions - Record even faster and without errors.
- Filter rows - Tired of wasting time searching through endless accounting transactions? Find and edit transactions in record time with the Filter!
It is the most comprehensive plan and offers continuous state-of-the-art features for impeccable results at only CHF 149.-/year (EUR 129 + VAT).
Don't waste any more precious time! Do you have the Banana Accounting Plus Professional plan and want to upgrade to the Advanced plan?
The cost is automatically calculated pro-rata, and your work is uninterrupted.
Don't have Banana Accounting Plus yet?
If you still have an old version of Banana (Banana 9, 8, 7, ...), switch to Banana Accounting Plus! You will get 1 month FREE of the Advanced plan and benefit from many new features that simplify and speed up your bookkeeping!
▶ Video: watch how to upgrade to Banana Accounting Plus (users Switzerland)
Banana Accounting Plus has interesting functions such as the Filter and the Balance column, which facilitate checks and prove particularly useful during end-of-the-year operations.
▶ Video: Recognise accounting differences with the Balance column
