Simplify the monthly accounting chore of reconciling your business checking accounts with Frost’s Account Reconciliation service. Receive timely, accurate information in an electronic data file that can be uploaded into your corporate reconciliation system – saving you the time and expense of manually sorting, matching and keying entries.
ACCOUNT RECONCILIATION OPTIONS:
Frost compares your issued check file with our records then sends you standard reports detailing paid, outstanding and stale items. You can request electronic paid item and outstanding check files as well. We recommend Positive Pay, a service offered for free that intercepts potentially fraudulent checks before they are paid, and Payee Review with this service.
Once verified, Frost sends a list of paid checks, including MICR line repairs and check range comparisons.
Reports deposits and paid checks for each of your locations.
You receive an electronic file with all items posted to your account.
ACCOUNT RECONCILIATION ADVANTAGES:
- Reduce the number of exceptions from posting errors.
- Accelerate check research and problem resolution.
- Simplify your accounting tasks.
- Improve audit controls through third-party involvement.
CD Image Archive
CD-ROM Image Archive helps you file, store and retrieve check information easily. Learn more about Frost’s CD Image Archive.
Download our Account Reconciliation Product Sheet