Imagine tighter cash control and
24-hour account information

With ColeTaylor's Account Reconciliation Services, you can conveniently automate the process of reconciling paid and outstanding disbursement checks with your general ledger. You'll have better control over your disbursements due to consistently up-to-date, accurate information delivered when you need it. You'll also benefit from:

Choose from these account reconciliation services:

Positive Pay
With Positive Pay, you provide a file on a daily basis as you are issuing checks. The bank matches the paid checks against your issue file. You'll receive an exception report for any files that don't match the issue file. You'll then need to provide ColeTaylor with a decision to pay or return the unmatched items or checks. This process allows us to return checks where the amount has been altered or where a check has been counterfeited within 24 hours.

Reverse Positive Pay
Reverse Positive Pay works in the same manner except that the Bank provides the paid file to the customer on a daily basis and the customer matches the items within their own system.

Partial Reconcilement
Paid check information is provided in sequential numeric order and includes check amount paid and the date the check was paid. It also notes any stop payments.

Full Reconcilement
You provide ColeTaylorBank with detailed check issuance information for a specific reconcilement period. In return, you will receive comprehensive reports of checks paid, outstanding checks including serial numbers and dollar amounts, and any exception items such as stop-pay and voided items.

Range Reconcilement
You provide ColeTaylorBank with the serial number range of checks issued during the reconcilement period. ColeTaylorBank will provide you with a Checks Paid Report that lists all paid checks in serial number order, including the amount of the check and the date that is was paid. ColeTaylor can also provide you with an Outstanding Checks Report that identifies unpaid checks by serial number.

Sub-Account Reconcilement
When you take advantage of our Partial and Full Reconcilement services, you may use Sub-Account Reconcilement to track disbursements by location or division while maintaining a single, central checking account. Each division is identified with a unique serial number. As checks are presented for payment, ColeTaylorBank sorts the checks by the unique location serial number and produces a report listing itemized disbursements subtotaled by location.

Deposit Reconcilement
If you have multiple depositing locations, you'll be able to keep track of deposits by location while maintaining a single, centralized depository account. Each depositing location is assigned a unique serial number and is provided with specially coded deposit tickets. Once a month, you'll receive a special report providing a summary and detail by location for all deposits made during the prior period.

Paid Check History
Through the ColeTaylor Reporter, you can review all items paid throughout the past 60-day period.

Paid Checks on CD ROM
Using the latest technology, ColeTaylor can now scan the front and backs of your original checks for permanent storage on CD-ROM. Since the scanned check images are a digital document, they can be reproduced quickly and easily whenever you need them.

Contact a banker now for more information. Or call us at 847-653-7974

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