Bank Book

Effective cash management is critical to the success of any business. Progression's Bank Book (B/B) module manages and reconciles all of your cash accounts, giving you information about your company's cash flow and empowering you to make more proactive decisions. Progression's B/B will also allow you to transfer cash between cash accounts and maintain cash accounts in multiple currencies when used in conjunction with Progression's Currency Manager (C/M) module.

Receiving Cash

When your company receives cash, you have the option of entering it into the system in three ways: as a prepayment in Order Entry (O/E), directly against a customer account in Accounts Receivable (A/R), or as part of a deposit ticket in Bank Book. This flexibility enables Progression to take control of your cash receipts regardless of how your company receives its income.

Spending Cash

In addition to receiving cash, checks generated in Accounts Payable (A/P) and Payroll (PR) are recorded in B/B. This allows Progression’s Bank Book to monitor all outgoing transactions facilitating cash management and account reconciliation. You also can enter bank transactions such as service charges and interest earned directly into Progression’s Bank Book to ensure complete accuracy.

Cash Management Planning and Reporting

Progression’s Bank Book allows you to monitor your company's cash position by report and online. Planned receipts and disbursements may be entered in the Cash Flow Transaction application, allowing you to plan transactions before they actually occur. This provides a more accurate interpretation of your future cash position.

Central Access to Cash Balances

You can view any cash account you have in Progression from within Progression’s Bank Book. This inquiry displays reconciliation information, along with book value, bank value, currency code and bank information. With Progression's Bank Book package, you can streamline your cash management planning process to improve the efficiency and operation of your business.