Banyon Fund Accounting 2026: Benefits, Features & Pricing

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Overview
Pricing and Plans
Features
User Reviews

Overview

Banyon Fund Accounting

4.3

(12)

Pricing

Starting at $1,995.00 one time

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 charge or license fees. Paid annual support provides updates, toll free help line, screen sharing, and new software versions.

Banyon Fund Accounting Screenshots

Banyon Fund Accounting Pricing and Plans

Starting price: $1,995.00 one time

Free Trial

Free Version

Basic

$1,995.00

flat rate, one time

No plan information available

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Banyon Fund Accounting Features

Popular features found in Fund Accounting
Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Budgeting/Forecasting
Expense Tracking
Financial Reporting
Income & Balance Sheet
Partnership Accounting
Payroll Management
Real-Time Reporting
More features of Banyon Fund Accounting
Accounting
Approval Workflow
Cash Management
Check Printing
Customizable Reports
Electronic Payments
Fixed Asset Management
Fund Management
Payment Processing
Real-Time Data
Reporting/Analytics
Reporting & Statistics
Revenue Recognition

Banyon Fund Accounting User Reviews

Overall Rating

4.3

Ratings Breakdown

42%

17%

Secondary Ratings

Ease of Use

3.8

Value for money

4.4

Customer support

3.8

Functionality

3.8

Have you used Banyon Fund Accounting and would like to share your experience with others?

Aerial B.

Verified reviewer

Government Administration

2-10 employees

Used daily for more than 2 years

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.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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.

Debbie E.

Verified reviewer

Non-Profit Organization Management

2-10 employees

Used monthly for more than 2 years

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.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Correcting posting errors are very easy to fix.

Cons:

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

Reasons 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

Barb S.

Verified reviewer

Government Administration

11-50 employees

Used daily for more than 2 years

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.

Ratings Breakdown

Ease of use

Customer support

Functionality

Pros:

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

Cons:

Customer support, and extremely hard to correct accounting errors.

Reasons 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 K.

Verified reviewer

Government Administration

2-10 employees

Used weekly for less than 2 years

Reviewed March 2024

City of Canton Banyon Fund Accounting

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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 H.

Verified reviewer

Government Administration

2-10 employees

Used daily for more than 2 years

Reviewed March 2024

Auidtor review

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

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.

Reasons for choosing Banyon Fund Accounting

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

Debra R.

Verified reviewer

Education Management

51-200 employees

Used weekly for more than 2 years

Reviewed March 2024

Banyon Fund Accounting Review

My overall experience with Banyon Fund Accounting has been positive.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

I have used Banyon Fund Accounting for many years and find it easy to use and find what I need. I can usually get any technical questions answered right away or within an hour.

Cons:

Banyon runs on Access. I sometimes have troubles with access and then the software closes or goes to a back up or just has to sit and think for a bit.

Natalie j.

Verified reviewer

Government Relations

2-10 employees

Used daily for more than 2 years

Reviewed March 2024

Thank you - I love the support

It is fine. The best is having Peggy to be support! Your support team is great. All of them are wonderful, and it is greatly appreciated.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Fairly easy to use, I like the reports and they are helpful for each department.

Cons:

changing mistakes is hard - Many times I have to call for help. especially the things we only do once a year.

Sommer N.

Verified reviewer

Government Administration

2-10 employees

Used daily for less than 12 months

Reviewed March 2024

Fund Accounting

I really like fund accounting, I have found lots of reports that I use all the time. The customer service is excellent! I never worry about calling and asking questions, they are always more than willing to help.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

I found Fund Accounting user friendly. I am able to search through it and find lots of reports and features that are very helpful. It is fairly easy to correct mistakes.

Cons:

It seemed overwhelming at first, but the customer service is so good that I never worry that I won't be able to do something or fix a mistake.

Meredith F.

Verified reviewer

Libraries

51-200 employees

Used daily for less than 2 years

Review source

Reviewed June 2023

Review of Banyon Fund Accounting

Banyon Fund accounting was sufficient for us for a period of time. As we grew, we had needs to be able to outsource payroll, and access information from the cloud. Banyon was not able to provide us with solutions to these issues, so we switched to a new company. Training our employees was difficult as there was not online training offered by the company. Employees needed to be trained in house or with a manual provided by Banyon. For a small company who is looking for a locally installed software Banyon would be an affordable solution.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Banyon is affordable. It is a product that worked for us for a few years. It can be used to track multple funds, bank accounts, and locations. As an organization with 7 locations it kept track of individual location budgets/ financials, within the budget and financials of the entire organization. As a local government and a non profit, we are required to use an encumbrance system. Banyon's purchase order processing, works well. It is easy to see what has been spent off an encumbrance, The process is easy to understand. Banyon does a good job of making it clear on a check how a disbursement was coded. Purchase order reports show clearly what is encumbered within an account and can easily be cancelled or closed when needed. The ability to create lot / blanket purchase orders for dollar amounts works well.

Cons:

The restrictions of a locally installed software did not work well for us. With having multiple locations the updates had to be done locally and that meant travel time for our IT. Not being able to access information from outside of the office on several occasions make things more difficult. Reporting with Banyon is difficult as you are able to create a custom report but fields you may need to add may not be included in the report category, which leads to having to hand edit multiple reports in excel to create the needed report.

Reasons for choosing Banyon Fund Accounting

Affordability and ability to track encumbrances

Reasons for switching to Banyon Fund Accounting

Affordability, Change in Finance Staff

Melissa G.

Verified reviewer

Government Administration

Self-Employed

Used daily for more than 2 years

Reviewed March 2024

Banyon Fund Accouting