A critical component to your internal controls..
You don't need a bank to reconcile your accounts when you can quickly download information daily, weekly, or monthly directly into your accounting system, Depending on your specific system capabilities we provide transaction detail in these formats:
- Comma Separated File (.CSV)*
- Intuit Quicken (.QIF)
- Microsoft Money (.OFX)
- Intuit QuickBooks (.IIF)
This information can then be used to match items against your general ledger, leaving you with the outstanding items.
Another service that substantially improves the account reconciliation process is Positive Pay. The positive pay service ensures that the items that clear against your account match the checks issued by your company. This service may reduce the risk of outside fraud on your bank accounts, but also enhances the account reconciliation process for your company.
We look forward to discussing the benefits of account reconciliation and how it may improve your commercial banking relationship. Contact your Relationship Officer or stop in and see us.
* .CSV can be imported into many popular spreadsheet and databases applications, like Excel or Access.