Account Reconciliation
Colorado State Bank and Trust offers several reconciliation options to satisfy your company's specific requirements.
Fine Sort - checks are sorted in serial number order to assist in reconciliation and discrepancy resolution.
Partial Reconciliation - a detailed electronic or hardcopy register of checks paid by Colorado State Bank and Trust is provided, from the date of your previous reconciliation through the report date. The register lists paid items in serial number order.
Full Reconciliation - provides the status of all items in your company's disbursement account, both paid and outstanding. Your company supplies Colorado State Bank and Trust with issued check information for all items issued during the reconciliation period. The reconciliation report then displays all check numbers, amounts, and the date items are paid or issued as applicable. Voided, cancelled, and stopped checks are also included.
Positive Pay (detailed in another section) - is the most sophisticated of all account reconciliation services. It is recognized as the premier defense against check fraud.
Range Reconciliation - simplifies the task of account reconciliation by reporting check numbers in sequence by serial number for a specified reconciliation period. Your company simply forwards input forms to Colorado State Bank and Trust, specifying the "range" of serial numbers issued during the previous account period.
Deposit Reconciliation - provides complete account reconciliation of deposits made from multiple locations to a single account. Deposit tickets are MICR encoded with a location number in the serial number field. Each deposit made to your account may then be related to a specific operating location. Deposit Reconciliation reports may be provided on a daily, weekly, or monthly basis, totaling deposits by location or division.
Benefits
-
Reduces management and clerical time associated with the tiresome task of reconciling your corporate accounts.
-
Improves management and audit control of your accounts by providing concise and timely journals on check activity and historical information.
-
Increases speed of reconciliation and improved accuracy resulting from the reduction of manual reconciliation errors.
|
|
|
|
|
|
Highlights |
|
|
Financial Position Update |
|
|
>> For more information on our stable financial position, please click here.
To find out more information about BOK Financial, our parent company, please click here. |
|
|
|
|
|