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ESCROW
ACCOUNTING |
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The Escrow Accounting
program enables you to keep track of accounts and
transactions for an unlimited number of banks and
clients, each with separate reporting. |
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Deposits and disbursements
are quickly reconciled by check number both by bank
and by individual client. You can also reconcile
by range. The screen displays the complete
transaction when the check number is entered.
After reconciliation, you can produce a register of
outstanding checks and deposits.
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Complete accounting information is automatically
maintained for each escrow account, checking for a
zero balance at all times. A client cannot be
removed unless he/she has a zero balance and all
checks and deposits have cleared.
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Auditing time is minimized
with detailed system-generated accounting reports and
a built-in audit trail. Status reports show the
current balances of all clients, the date of last
activity, and checks or deposits yet to clear.
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Our integrated software system allows you to
transfer checks and deposits from
Settlement/Disclosure to Escrow Accounting.
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The number of user-defined
transaction types is unlimited, allowing you to
personalize your transactions as needed (e.g., checks,
deposits, voids, wire transfers).
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Reports include client transactions (by individual
client ledger, a range of clients or by all clients),
balance sheets, and client status reports. You
can print a report for deposits, checks, voids, and
for reconciled, active, or any combination of
transactions (by transaction codes, date, a range of
dates, or all).
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A final ledger provides
permanent, historical file storage when you remove a
client with a zero balance and when all checks and
deposits have cleared.
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Bank reports keep you aware of the activity during a
given time period (bank balances are obtainable at any
time).
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