Account Reconciliation

Sovereign's automated Account Reconciliation Processing services deliver the clearing and balance information you need, account by account, on the schedule you specify: daily, weekly, monthly, by accounting period, or on specific days. Our system will also detail deposits from multiple locations into the same account, giving you an accurate picture of sales activity and collections across your company.

Reconciliation options include:

Full Reconciliation

You provide us with data on checks issued and our automated system matches this information against checks clearing your account. You receive a full reconciliation report, including checks paid, outstanding items and exceptions. Reports are available via email and FTP.

Partial Reconciliation

Eliminate the paperwork of routine reconciliation. You receive a report of items paid that are sorted according to your instructions. We also provide a detailed summary of account activity and information on paid checks and stopped items. Delivery can be scheduled to coincide with your reconcilement period.

Deposit Reconcilitiation

Rather than establishing individual accounts for each business location, you can use Sovereign's deposit reconciliation service to provide a detailed listing of deposits by location into a single checking account.

Positive Pay
Sovereign's Positive Pay service automatically matches each check presented for payment against a list of checks issued. Our Payee Positive Pay service reviews the payee name on the "Pay to the Order Of" or "Payable to" portion of a commercial check. This additional layer of protection dramatically reduces the potential of fraud loss.	Learn more

CD-ROM Check Imaging Service
CD-ROM check imaging from Sovereign stores up to 25,000 indexed check images on each CD, thereby eliminating the complication and frustration of filing and storing paper checks and then retrieving them for research purposes.	Learn more