A critical link in the disbursement process is the availability of accurate and timely information about your company's checking account, paid and outstanding checks. This important data can serve as useful input to the accounting process and at the same time assist those responsible for balancing your account.

Old Second's reconcilement services have been designed to meet the varying requirements of our customers: the plans vary from the PC-Reconciliation to the Serial Sort of Checks. The choice depends upon the type of transaction activity-checks or deposits-being reconciled and your company's preference for providing and receiving data.

PC-Reconciliation

• PC-Reconciliation is our new software package which gives your company the same account management abilities through your Personal Computer as was once only available for larger companies. Through PC-Reconciliation, your company can completely control your checking account and automate bank reconciliation or if you already have a computerized account payable or payroll system, PC-Reconciliation can import checks issued from accounts payable and from payroll without re-keying.



• With PC-Reconciliation, Old Second installs software at your company, which provides a link between your computer and the bank. You can also use PC-Reconciliation to record deposits, issue checks and maintain account balances.

Full Reconciliation

• The Full Reconciliation package provides a listing of paid and outstanding checks issued during a given cycle period, including date and amount information.



• Full Reconciliation requires the subscriber to supply check issue information on magnetic tape or by transmission. The issue information is placed into an outstanding check file. As issued checks are presented for payment, the serial numbers and dollar amounts recorded in the outstanding check file are matched to the paid checks.



• At a designated statement cut-off date, you are provided with a complete and accurate listing of all checks issued, whether they are paid or outstanding since last statement issue.

Full Reconciliation provides several easy-to-read reports such as:

• The consolidated item report, listing all paid and outstanding items in serial number order, showing check number, dollar amount, date paid and date issued for each item.



• The outstanding item report, listing all outstanding items, then all paid items in dollar amount order, showing check number, date issued and date paid for each item.

Contact your Old Second Cash Management Specialist or Commercial Loan Officer for more details.