Imagine tighter cash control and 24-hour account information
With Cole Taylor'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:

• Audit Control
• Reduced labor costs plus increased time savings
• Fraud Control
• Accurate Reporting

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 Cole Taylor 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.
  
• 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 Cole Taylor Bank 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 Cole Taylor Bank with the serial number range of checks issued during the reconcilement period. Cole Taylor Bank 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. Cole Taylor can also provide you with an Outstanding Checks Report that identifies unpaid checks by serial number.
  
• 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 Checks on CD ROM
  Cole Taylor scans 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.