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Reduce the time you spend balancing your business checking account.
The manual reconciliation of business checking accounts can be a time consuming task, especially for companies with large volume accounts. By selecting the First Midwest Bank plan that meets your needs, you can eliminate the sorting, matching and reconciling of paid checks
The Advantages
Reduce Expense: Our account reconciliation options can reduce your clerical expense by automating the reconcilement process.
Better Control: Outstanding items are identified providing faster resolution of management inquiries.
Improves Audit Trail: Our services assure accuracy and provide easy to use reports for researching items.
How it Works
Select the Account Reconciliation Service that fits your needs.
1. Paid Reconciliation: This service provides you with a listing of all checks paid during the statement cycle. This service option includes a listing of all paid checks, indicating check number, paid date and dollar amount.
2. Full Reconciliation: This service option provides you with a complete reconciliation of outstanding and paid checks when you furnish First Midwest Bank with issued check information via magnetic tape, mainframe to mainframe transmission or personal computer transmission. The system identifies paid checks by serial number, paid date and dollar amount. Full reconciliation also reports those items posting to your account for which no information has been provided.
3. Deposit Reconciliation: Our Deposit Reconciliation Service allows you to maintain a single business checking account, yet receive deposits from multiple locations. Our reporting system provides you with date and deposit account information for each of your locations.
Contact a Cash Manager
Return to Information Reporting Business Express
Bank-On-It
Treasury Connection
Financial Electronic Data Interchange
Account Reconciliation Services
Account Analysis
Check Imaging Service
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