BOOK RELATED - ERRORS

Reviewing all line items in the Recon Sheet and checking for manual errors in its preparation including transposition by validating with Systems Posting and data from UnApplied. Since Recon Sheet are posted in Oracle daily, any errors identified will be summarized and recommended for posting during month end close by Corporate Accounting.

BANK RELATED - ERRORS

Tracing and matching all items in Recon Sheet by validating the deposits through the bank statement and the bank portal. Since some deposits take time before it reflects in the bank account, days processing is considered in checking the crediting of these items. Any errors identified such as incorrect deposit or in case of depositary account missing funding to appropriate account, will be manually requested to Treasury for adjustment.

OTHERS

Accounting for payments already credited and returns already debited in the relative bank accounts and recommend or follow up for posting or reversal to Payment Processing Team.Communicating with appropriate departments in checking backup for discrepancies such as Treasury (for any unreconciled bank adjustments) and Client Accounting (for any ACH related returns).Investigating card payment discrepancies in Systemic Posting of items (E-Pay) and identify individual payments refunded through PayNow for manual reversal.Serving as filter on both deposits (received on time) and remittances (debited in reference to actual deposits received) to avoid Cash Shortage and Insufficiency among bank accounts.

WEEKLY

Preparation and submission of a Manual Transfer file which will be submitted through a ticket in ServiceNow. This will be for approval and review by the Manager of Payment Processing. The Treasury Team processes the bank transfer and days after, correction will be reflected in the bank statement.

 

MONTHLY

Preparation and submission of summary of all Book-related errors needing GL adjustments to be corrected by the Corporate Accounting.Cooperate directly with GL Team in substantiating necessary adjustments to our Book by ensuring appropriate Daily Cash files and corrected Recon Sheets.Attending month-end close calls to communicate and resolve issues before the Book Close.Updating the Daily Recon file once all adjustments have been entered and books are closed to reflect any missed adjustments, if there are any.