Key Total Treasury has various account reconcilement (ARP) reports available to help clients reconcile their account: Check Reconciliation, Deposit Reconciliation, Daily Reports / Audit Listing, and Corporate Banking Statement.
From this main page, you can access reconciliation reports or enter issue information.
There are four ARP reports available on Key Total Treasury as seen in displayed in these dropdown options: Check Reconciliation, Deposit Reconciliation, Daily Reports / Audit Listing, and Corporate Banking Statement.
For full reconcilement, prior to check disbursement, the client will provide issue information. As checks are paid, they are reconciled against the original data. Reporting provides check paid date, dollar amount, check number, exceptions, stop payments, cancels / voids, ACH items, outstanding or unpaid checks, and paid no issues.
Checks with misread or missing MICR information are identified and the best effort is made to correct the data prior to reporting, resulting in cleaner data to the client.
ARP reports are available weekly or monthly and can be sorted by serial number, dollar amount, or date.
Report provides information by deposit, location, and date with detail and summary information. If a client has multiple locations making deposits into a single account, a deposit reconcilement report can help organize deposits for reconciliation against their system of record.
Locations are assigned a location number, which is used on the deposit slip MICR line.
Daily Reports & Audit Listing
Available the day after issue information is provided, clients can review this daily to ensure that all checks issued have been entered into the system. If any issues are missing they can include them in their next file or data enter them through Key Total Treasury's Issue Maintenance section.
It is important that all issues be submitted so that ARP reporting is correct, and therefore Positive Pay will not display items as mismatches unnecessarily."
Corporate Banking Statement
In addition to being available via the Information Reporting section on Key Total Treasury, the corporate banking statement can also be retrieved and viewed along with ARP reports. The statement, in conjunction with the ARP report and their internal system of record, allows clients to balance their activity with KeyBank.