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COBRA Banker® Key Features

General Ledger - GAAP-compliant and always in balance

Designed to generally accepted accounting principles (GAAP), Cobra Banker® features a double-entry general ledger that is posted automatically with each monetary entry. Your “books” are always in balance.

General ledger accounts come pre-set based on GAAP standards, and can be modified to meet your unique requirements. Cobra Banker® provides over 200 reports that include Trial Balance, Balance Sheets, Ledger Reports, Receipt Reports, and more.

Interface Flexibility - Keep the solutions you have, change service providers tomorrow

Swanson Services Corporation® has developed interfaces with over forty different Jail Management System (JMS) and Resident Phone providers. Our integrated technology solutions will exceed your expectations for a comprehensive software solution—with the added flexibility of allowing you to use the service provider solutions of your choice (commissary, medical, resident phones, law library or JMS), now and in the future.

Accounts Receivable - Recover costs and find new sources of revenue

Through the power and automation of Cobra Banker®, you can create up to 999 different receivables, and then fully define the functionality of each one. You can determine for what services your facility charges, and how and when you collect them. You can also define what percentage of a resident’s trust fund and incoming deposits to apply against receivables, and how much of the fund balance you want to leave available for commissary purchases.

The point is this: When you control receivables, you also control revenue. From a financial perspective, today’s priorities at correctional facilities are the ability to streamline operations, reduce costs and maximize revenue. With Cobra Banker®’s Accounts Receivable module, you can accomplish all three.

Resident Accounts - Precisely tracking every resident transaction

Cobra Banker® resident trust fund records include the details of each resident’s financial history. From booking to release, Cobra Banker® puts comprehensive financial information for individual residents, groups or your entire population at your fingertips.