Check Reconciliation
The Fiserv Galaxy Check Reconciliation software is designed to aid in the reconciliation of checks received by the credit union. By utilizing the check information from the Fiserv Galaxy system, along with the credit union's clearing house, accounts can easily be balanced. Checks can be reconciled manually or automatically.
Available Features
- Check Maintenance—Revisions, deletions, or additions to the check file
- Searches—Ability to search for a particular check or checks by date, amount, check number, payee, status or any combination of the above
- Reconciliation—Ability to either manually reconcile outstanding checks or automatically match a "cleared" check file from the bank against the "outstanding" checks in the database
- Reports—A Check Listing may be generated for a specific date range, based on selected criteria, and sorted as desired. A File Maintenance Audit Report may be generated, listing any maintenance performed within the database
Other Features and Benefits
- Supports multiple bank accounts and/or branch accounts
- Tracking by check number and bank number
- Improves accounting productivity with automatic entry of items by transmission or diskette update
- Check file stores check history, check number, amount, bank, payee and the teller issuing the item
