Account/Deposit Reconciliation

Save Time and Effort Through Automated Reconciliation

If your staff is spending significant time manually reconciling your company’s checking accounts and deposits made from multiple locations, California Bank & Trust’s automated Account and Deposit Reconciliation Services can dramatically reduce the time and effort required. Our reconciliation services can also help you detect errors and fraud, while improving internal audit controls. Choose from a variety of plans:

• Partial Account Reconciliation requires no input from you. We provide a sequential list of all checks paid during your business cycle – in electronic and hardcopy format – for use with your internal disbursement accounting system.

• Full Account Reconciliation uses “check issue” files that you provide us electronically. We then list and total both paid and outstanding checks, providing you a list of outstanding items. With information you provide, we can help you track disbursement activity by account, division, or location.

Full Account Reconciliation also allows you to take advantage of our Positive Pay service, where items provided in your “check issue” file are matched against checks presented to identify discrepancies or suspect checks. Using CalBank Network^SM, CB&T’s Internet cash management service, you can view the front and back images of these checks, and make payment/return decisions online.

• Deposit Reconciliation tracks deposit activity made by multiple locations, based upon the location number encoded in the MICR line of the deposit ticket. We provide you reports detailing deposits by location, day, and cycle --for daily, weekly, or monthly activity. Your daily location deposit activity is also available online through CalBank Network.

Our professional team of Cash Management officers can help you analyze your current accounting operations to recommend the reconciliation plan that best meets your company’s needs.

Advantages of CB&T’s Automated Reconciliation Services:

Reduction in staff time through the elimination of manual reconciliation processes.

Increased accuracy due to automatic matching and tracking.

Flexible reporting with access to a variety of reports detailing activity –available for easy reference on a daily, weekly, or monthly basis.

Increased control with more accurate and timely information. Using CB&T’s Image Services, you can also view images of paid checks and deposited items.

Increased fraud protection with audit trail of activity. And when used in conjunction with CB&T’s Positive Pay service, you can view the front and back images of suspect checks, and make payment/return decisions online.