Banyon Fund Accounting

Additional features

Full-Featured Fund Accounting

The core package includes Payables, Receipts, General Ledger, Journal Entries, Check Writing, Check Book Balancing, Budgets, Project Tracking, and Report Writing.

GL, AP, and AR Included

The software contains the core modules for General Ledger, Accounts Payable, and Accounts Receivable.

Purchase Orders

Includes a dedicated Purchase Orders feature that is fully integrated with the general ledger.

Banyon Data Payroll and Utility Billing Interface

The system can connect with Banyon Data's other specialized modules for payroll and utility billing.

Budgeting and Reporting

Provides tools for preparing budgets and generating various financial reports.

Multiple Checking Accounts

Supports the management and tracking of more than one checking account.

Cash Receipts

Facilitates the recording and management of incoming cash transactions.

Open Accounts Payable

Tracks and manages outstanding invoices that are due to vendors.

Open Accounts Receivable

Tracks and manages outstanding amounts owed to the organization by customers or other entities.

Dashboard Graphic Charts Module

An available module that displays financial data visually using color-coded Pie, Bar, and Line charts.

Fixed Assets Module Available

Offers an additional module for tracking and managing the organization's fixed assets.

Project Management and Reporting

Includes tools for tracking expenses and generating reports related to specific projects.

Cash or Accrued Accounting Method

Allows users to select either the cash or the accrued method for their accounting basis.

Invoicing - Billing Module Interface

The software can connect with a separate module for generating and managing invoices and bills.

Full, Easy to Use Report Writer

Provides a comprehensive and user-friendly tool for creating customized financial reports.

Accounts Payable Workflow Add-on

An optional module that introduces an invoice approval process, starting with scanning and assigning details.

Interfaces with all Banyon modules

The fund accounting software is designed to communicate with all other Banyon software products.

State Chart of Accounts or Customize

Allows the use of the official State Chart of Accounts or the creation of a customized structure.

Work in Multiple Months/Years

Enables the finance team to process transactions across different financial months and years concurrently.

Transaction History is Unlimited

Stores all transaction records without limit for auditing and historical reference.

Budget Tools for Preparation & Reporting

Offers specific tools to assist in creating annual budgets and generating reports on budget status.

Monthly or Yearly Budgeting

Supports setting financial budgets on either a monthly or a yearly basis.

Recur Setup for Payments, Receipts, & JE

Allows the setting up of recurring entries for regular payments, receipts, and journal entries.

Allocate Invoices by Percent to Accounts

Provides the capability to split an invoice's expense across multiple accounts using percentages.

Electronic Check Signature

Allows for the use of electronic signatures on checks for convenience and efficiency.