Solutions Summit 2014

Branch ReconciliationChallenges

Kaki Wynn, Kim Weber, John Snyder, Tammy Huff

Chesapeake System Solutions, Inc. • Proprietary and Confidential

Agenda

• Branch Set Up• Teller Cash Balancing• ATM Reconciliation• ATM funding• ATM settlement

Chesapeake System Solutions, Inc. • Proprietary and Confidential

Branch Set Up

• Branch Operational Structures• Teller Name Translations

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

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

Chesapeake System Solutions, Inc. • Proprietary and Confidential

ATM Reconciliation

• ATM Funding: Similar to teller cash balancing

• ATM Settlement: Similar to credit card reconciliation