Banyon Fund Accounting

RATING:

4.3

(12)

About Banyon Fund Accounting

Banyon Data has 35 years experience developing fund accounting software for the public sector. The software is a great fit for small to midsize entities looking to enhance budget tracking and make the overall accounting process more efficient. The base software comes with budgets, payments, check writer, general ledger, project tracking, receipts, check reconciliation, 1099’s, and report writer. Additionally, choose to purchase time saving modules like purchase orders, invoicing, workflow, ACH Vendor Pay, Fixed Assets, Deposit Slip, 3rd party importing, and accrual accounting. All other Banyon Data Software (Payroll and Utility Billing) also integrates with the fund accounting. Banyon Data Software is installed locally and allows multiple users at no additional char...

Banyon Fund Accounting Pricing

Starting price: 

$1,995.00 one time

Free trial: 

Not Available

Free version: 

Not Available

Integrated Accounts Receivable
Slide 1 of 6

Banyon Fund Accounting Reviews

Overall Rating

4.3

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4

Value for money

4.5

Functionality

4

Most Helpful Reviews for Banyon Fund Accounting

1 - 5 of 12 Reviews

Debbie

Non-Profit Organization Management, 2-10 employees

Used monthly for more than 2 years

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

3

FUNCTIONALITY

5

Reviewed March 2024

Clerks review

Initial set up was pretty much left me doing it. There was very little help from Banyon. Also, the initial training was terrible. Had to teach myself which caused stress and errors.

PROS

Correcting posting errors are very easy to fix.

CONS

Not being able to correct a posting error if a wrong fund is chosen.

Reason for choosing Banyon Fund Accounting

Cost and I was not able to commit to their 9 day mandatory training.

Reasons for switching to Banyon Fund Accounting

Our auditor wanted us to get a regular fund accounting product

Aerial

Government Administration, 2-10 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

5

CUSTOMER SUPPORT

3

FUNCTIONALITY

4

Reviewed March 2024

Fund Accounting gets the job done

Overall, Banyon gets the job done for the price. It has its quirks, but it sounds like other similar software's have the same quirks. Customer service can either be outstanding or unhelpful depending on who answers the phone.

PROS

Out of all of the Banyon programs I utilize, I feel like fund Accounting is the most functional, and stores the most valuable information. I like that all Banyon programs integrate fairly seamlessly.

CONS

We least like the execution errors and weird glitches, the untimely posting, and the inability for many people to utilize the same program at the same time. My least favorite function of fund accounting is the Project codes, as the information falls off after 3 years, which defeats the point of tracking a long project.

Barb

Government Administration, 11-50 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

1

CUSTOMER SUPPORT

1

FUNCTIONALITY

2

Reviewed March 2024

Banyon Accounting questionaire

I called Banyon as I had issues closing out the 2022 calendar year. The person who answered the call could not help me, and told me I would have to figure out my mistakes on my own.

PROS

I can print checks, and balance to my Excel spreadsheet.

CONS

Customer support, and extremely hard to correct accounting errors.

Reason for choosing Banyon Fund Accounting

We already were using the Banyon utility billing

Reasons for switching to Banyon Fund Accounting

Have the Banyon utility billing, wanted to be consistent

Vendor Response

Barb, thank you for your review. I am sorry that you had a negative experience in late 2022 when closing your accounting year. Should you have a need for more attentive support on your Fund Accounting software please call me directly at (800) 229-1130. Regards, Jeff Christensen, President

Replied March 2024

Anne

Government Administration, 2-10 employees

Used weekly for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

4

VALUE FOR MONEY

4

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed March 2024

City of Canton Banyon Fund Accounting

PROS

Easy of use and wonderful customer support

CONS

sometimes not being able to find the correct report needed

Reasons for switching to Banyon Fund Accounting

able to track changes better and not manipulate funds

Roberta

Government Administration, 2-10 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

2

VALUE FOR MONEY

3

CUSTOMER SUPPORT

3

FUNCTIONALITY

2

Reviewed March 2024

Auidtor review

PROS

Numerous reports that I can provide to my council for review.

CONS

There is not any training offered at any of our conferences from Banyon. Having additional training on Fund accounting would be and is crucial to this position. Having more knowledge to explain certain documents and functions to my council would be beneficial. Training numerous auditors, deputy auditors and council all at once would be more cost effective for everyone. Having a one on one session at a conference would be great.

Reason for choosing Banyon Fund Accounting

Unknown this was already implemented when I started with the City.