![]() ![]() ![]() I missed a larger set of pre-defined reports that did make use of the user-defined Segment structure.Accounting software helps small business owners easily track their financial accounts, income and expenses, prep for tax season and keep tabs on financials. No software problem was found when working with Banana 9 last update. Well written user manual and documentation Ease of use Easy transfer of data to and from Excel Build-in capability to define different units, getting P&L statements for different units. All these features allowed us to define with great ease an account structure well suited to our accounting needs. I have also found all the flexibility I needed when defining groups of accounts and have found particularly helpful the ability to define Segments in order to obtain Profit & Loss Statements per different units. I have been able to solve all my doubts up to now, using the Help provided with the software that I did found well organised and clearly written. I have found the product easy to use and the ability to copy and paste to and from Excel useful and time saving. I have been using the last updated version of Banan9 (Mac Version) with double-entry accounting for a small animal protection association. It is easy to print out on a monthly basis the Balance Sheet of the Council which provides an up to date financial positron of the Council CONSÄ«ecause the software was not written with a Parish Council in mind it requires some thought to use the processes of the software to achieve the result you want. The Parish Council uses the double entry system of accounting and it is very easy to enter the transactions be they Current Account Transaction, Deposit Account Transactions or Petty Cash. The ease of being able to enter transactions. It took some time to set the software up for the Council but once the Chart of Accounts etc was set up, it became just a matter of entering transactions in order to be able to print either the Balance Sheet or Profit/Loss Accounts PROS After spending some time trawling the internet I came across Banana Accounting which was a flexible double entry system rather that related to a specific industry. Unfortunately this led to errors in the accounts. ![]() When I first joined the Parish Council I was producing double entry accounts manually. I cannot compare sheets from different files (for example the accounting systems of different years / subsequent years): I cannot have two Banana files open at the same time. The automatism of closing of the year is very useful. The graphs help to visualize trends along the year. The intial coding takes time but it is very effective for entring transactions The colours of writings and backgrounds help to distinguish different ledgers in the same administration. Once a bit of training is done it is very versatile, in managing accounts, especially when it comes to double entry accounting system. This gives us an instrument to analyze critically wages, loss or gain in the purchasing power of staff salaries versus the cost of living/supplies, during specific periods of the year PROS ![]() The double entry accounting system with mutliple currencies helps our administration to reconcile donations given in hard currency and how the inflation in the local currency affect the disbursement of cash. The Banana Accounting system helps to maintain day to day, monthly, quarterly and annual balance sheets for the whole hospitlal and for the different Donors. They avail a budget which enters into a sytem of liabilites. I am running the accounts for a private not for profit hospital, relying mostly on external donors to whom project proposals are submitted. ![]()
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