Common use of Full Account Reconciliation Clause in Contracts

Full Account Reconciliation. Full Account Reconciliation compares checks that have been posted on the Account against checks that were issued by you. This is done when you create and send an Issues File at an agreed upon time between you and Bank. The frequency of how often the statement is received is up to you. Full Account Reconciliation completes the analysis and produces a recon statement. This statement lists paid account balance summary, statement of activity, Checks/Drafts, Exception Items, and Checks/Drafts that are outstanding.

Full Account Reconciliation. Full Account Reconciliation compares checks that have been posted on the Account against checks that were issued by youthe Customer. This is done when you create the Customer creates and send sends an Issues File at an agreed upon time between you Customer and Bank. The frequency of how often the statement is received is up to youthe Customer. Full Account Reconciliation completes the analysis and produces a recon statement. This statement lists paid account balance summary, statement of activity, Checks/Drafts, Exception Items, Items and Checks/Drafts that are outstanding.