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bylinebank
.com
Full Check Reconciliation
Full check reconciliation takes partial check reconciliation further by
having Byline Bank perform the reconciliation process for you. With full
check reconciliation, we match paid items with the items your company
has issued. You will receive a report that lists the paid checks, and
outstanding checks—all sorted by check serial number or paid date. All
reports available for partial (paid) check reconciliation are also available
for full reconciliation.
How it Works
1
As your company issues checks, you provide an issue file to Byline
Bank. This file contains the payee, check number, dollar amount, and
issue date.
2
At the end of your statement cycle, the account reconciliation team
matches paid items to the issue file and then produces a report. This
report is balanced with your bank statement to ensure there are no
discrepancies.
3
Within seven business days of your statement cutoff, date, you will
receive the following:
A.)
Your bank statement
B.)
A list of all paid items, items paid without a corresponding
issue record, called items, stop payment items, voided items
and outstanding items
C.)
If requested, an electronic file of all items referenced
above which may then be imported into your in-house
accounting system