Account Reconciliation (managing funds - payable solution)
At CBI Bank & Trust, we know how much time and effort you put into making your business or farm a success. We’re here to help you make your money work harder for you, while simplifying your day to day tasks. That’s why we offer these additional services to complete your business package.
Account Reconciliation* (Managing Funds – Payable Solution)
Easily download information from our business online banking from a CSV or Excel format and upload it into your accounting services package. Quickly reconcile your checks paid.
Deposit Reconciliation* (Receivable Solution)
Administer multiple locations by depositing into one business checking account. By utilizing a unique “location” number contained on each deposit ticket you can easily reconcile deposits through online banking. Group them by location number and easily download them from business online banking in to a CSV or Excel format and upload to you accounting services package.
Electronic Data Interchange (EDI) or Financial EDI (Managing Funds/Information)
Larger corporations frequently need to post accounting detail or remittance information along with their payment. Our corporate EDI emails can provide you with the detail to make the incoming ACH debit or credit addenda detail easier to decipher.
EDI/FEDI is the electronic transfer of payments containing payment related information through the financial payment system from one business to another. Details contained as an addenda record within an ACH file can decoded into an easy to read report. It can provide you with up to date information related to the source of the transaction and the associated payment details.
Details might include:
- Payer Name
- Payment/discount amount
- Invoice/account number
- Industry specific information
- Conveniently receive reports electronically
- Streamline bookkeeping and reduces errors
Account Analysis Statement enables you to review account balances and charges in detail with a concise, logical statement, providing all of the information in an easy-to-understand format. A separate monthly Account Analysis Statement can be requested for customers utilizing Treasury Management Services. The statement will provide the following information: Activity Summary, Balance Information, and Analysis Summary. Activities or services may include the number of checks paid, number of deposits, number of items deposited, a monthly account maintenance fee, Remote Deposit Capture, ACH Origination, wire transfers, etc.
*Setup within our Business Online Banking.
Get Started Today!
Let our Treasury Management Team work with you and your business to offer solutions to meet your current and emerging financial needs. Our priority is to provide you with peace of mind, increased productivity, the ability to save time when and where you can and allowing you more time to focus on running your business. Contact our team to learn more about Treasury/Cash Management services today!