ESCROW RECONCILIATION

We reconcile the escrow or trust account to bring your adjusted book balance, adjusted bank balance and trial balance in agreement. This process completes a valid 3-way reconciliation and accounts for every cent in the account. In addition, we notify our clients of any items of concern or lienable items that would cost our clients high out of pocket expense. 

Escrow accounts are being targeted for fraudulent activity, largely because of the large sums of money being held in them, and the amount of transactions that occur during regular business. By partnering with Positively Balanced, you have someone watching your accounts at all times so you can be notified when something happens that needs to be addressed.

POSITIVE PAY

Positive Pay is a service that is recommended under the ALTA Best Practices framework. This service is used to compare company issued checks to those presented for payment. The system is used as a check fraud deterrent and helps protect companies against altered and counterfeit checks.

We utilize your secure electronic banking service to aid in the reconciliation process. A file containing all of the cleared items for the previous day is downloaded and imported into our dedicated software program. The information is then compared and the daily 3-way reconciliation report is generated for review.

Our Positive Pay team imports banking transactions from hundreds of banks on a daily basis by following a process that aids keeping our clients protected.

CUSTOMIZED BOOKKEEPING

We know that business owners have so many important things to do and often do not take the proper time needed to manage all the accounting needs associated with running their business. If your business requires bookkeeping expertise but you do not have the expenses to hire a  full-time bookkeeper, allow us to help you.

Positively Balanced meets the full accounting needs of our clients by providing an array of comprehensive bookkeeping services so you can get back to the job of running your business and generating profits!

AUDIT PREPARATION SERVICES

Escrow accounts require a three-way reconciliation which can create a complex accounting if not reconciled correctly. In addition, you have to meet proper compliance as well as your state and national regulations. We are well-versed in state rules and regulations and keep your accounts well-managed so that your audits run smoothly. Positively Balanced offers a full review of your monthly escrow reconciliation accounts to make sure you have the required reports and maintain compliant three-way reconciled accounts. 

If you have an audit coming up and if your accounts are out of balance, or you would simply like a professional review of your accounts contact our team of experts today for a review.

CONSULTING SERVICES

Mary Anne uses her expertise experience to go into small and large firms to perform a comprehensive analysis of business process flows. She then provides realistic recommendations to help businesses manage the day to day operations focusing on each of the staff's peak performance levels while ensuring that proper controls are in place to protect your firm.

Her expertise allows business owners to run their firms with the proper efficiencies needed to better manage workflow and maximize their return on investments.