Corporate Banking

Simplify Reconcilement

Description Benefits
Comprehensive Account Reconcilement

Cleared checks are compared to a file of issued checks that you submit to the Bank. Detailed reconcilement reports will then be delivered to you via hard copy and/or CD-ROM. These reports list all checks paid during a given statement period, as well as details relative to all outstanding checks and any exception items.

  • Reduces time spent reconciling bank statements
Partial Account Reconcilement (Export)

Business Online Banking Export feature enables you to export detailed checking account information in formats compatible with spreadsheet programs such as Excel. Exporting information such as cleared checks enables you to cross-reference this data to your accounts payable system throughout the month, simplifying and speeding your reconcilement process. You can use this information to quickly identify errors and discrepancies as well.

  • Reduces time associated with reconcilement process
Deposit Reconcilement

Deposit Reconcilement captures the deposit transactions made to your checking account by location in serial number order with the date posted and the deposit amount. Detailed information can be viewed online via Business Online Banking. Deposit Reconcilement is ideal for companies with multiple locations or departments depositing into a single account.

  • Save money by consolidating accounts and bank relationships
  • Concentrates funds into one large account which can enhance interest earnings, improve the efficiency of your disbursements, and reduce overdraft occurrences
  • Simplifies reconcilement process

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