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Branch Reconciliation Challenges

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.

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Branch Reconciliation Challenges

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  1. Branch ReconciliationChallenges Kaki Wynn, Kim Weber, John Snyder, Tammy Huff

  2. Agenda • Branch Set Up • Teller Cash Balancing • ATM Reconciliation • ATM funding • ATM settlement

  3. Branch Set Up • Branch Operational Structures • Teller Name Translations

  4. 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

  5. Teller Cash Balancing GL Teller Cash Drawer Balance (Balance Verification recon 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’s Starting Cash Cash In (CR) Cash Out (DR) Teller Sub-Ledger Cash In (DR) Cash Out (CR) Cash In Summary (CR) Cash Out Summary (DR)

  6. ATM Reconciliation • ATM Funding: Similar to teller cash balancing • ATM Settlement: Similar to credit card reconciliation

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