branch reconciliation challenges
DESCRIPTION
Branch Reconciliation Challenges. Kaki Wynn, Kim Weber, John Snyder, Tammy Huff. Agenda. Branch Set Up Teller Cash Balancing ATM Reconciliation ATM funding ATM settlement. Branch Set Up. Branch Operational Structures Teller Name Translations. Teller Cash Balancing Approaches. - PowerPoint PPT PresentationTRANSCRIPT
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Solutions Summit 2014
Branch ReconciliationChallenges
Kaki Wynn, Kim Weber, John Snyder, Tammy Huff
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Agenda
• Branch Set Up• Teller Cash Balancing• ATM Reconciliation• ATM funding• ATM settlement
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Branch Set Up
• Branch Operational Structures• Teller Name Translations
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Teller Cash Balancing Approaches
• Balances as transactions• Reports can be automatically emailed to branches
• Balances as balances• Auto certify eliminates looking at branches without differences
• GL Balance = Ending cash at the branch +/- any identified differences
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Teller Sub-Ledger
Cash In (DR)
Cash Out (CR)
Cash In Summary (CR)
Cash Out Summary (DR)
GL
Teller Cash Drawer Balance
(Balance Verificationrecon template)
Cash In Summary (DR)
Cash Out Summary (CR)
Teller System
Detail to justify GL balance on recon
Prior Day’s Ending Cash
Next Day’sStarting Cash
Cash In (CR)
Cash Out (DR)
Teller Cash Balancing
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
ATM Reconciliation
• ATM Funding: Similar to teller cash balancing
• ATM Settlement: Similar to credit card reconciliation