Bank Account
Bank book is an accounting book with all bank transactions showing the details of all the transactions made via bank with date, particulars, debit, credit entries finally with arriving balance at the end.
Bank Book is particularly similar with the way cashbook works. All the bank transactions that take place in a business, right from withdrawing money from the bank till depositing cash into the bank account, everything will be recorded at one place.
This feature will help the businesses to achieve accuracy and transparency in the business activities and there will be no misused of the rights given to the authorized person.
BenchStep ERP Cash Book provides system-wide bank reconciliation as well as tracking information on cash inflows and outflows, allowing for effective cash management. Bank Book is one of BenchStep ERP's financial analysis tools, which allows managers to anticipate and run what-if scenarios on financial data.
