Cheque reconciliation with Positive Pay
Fédération des caisses Desjardins du Québec computerized service offering a complete range of issued cheque processing, including reconciliation, storage and research.
Reports are produced at each process.
These contain information about:
- outstanding cheques (cheques issued but not yet cashed by payees)
- commercial chequing account for the period
- adjusted balances taking into account outstanding cheques
Advantages
- Allows you to reduce administrative costs
- Eliminates cheque storage fees
- Provides opportunity for you to follow-up on cash outflow as often as you wish
- Reduces instances of fraud