RYNOHRECON

RynohRecon Provides
Three – Way Account
Reconciliation

RynohRecon automatically retrieves transactions from your online banking and reconciles them with transactions from your escrow accounting software on a daily basis.

ABOUT RYNOHRECON

Anomalies, Potential
Fraud & Audit Issues

RynohRecon automatically retrieves transactions from your online banking and reconciles them with transactions from your escrow accounting software on a daily basis.

RynohRecon works to identify anomalies, potential fraud and audit issues that expose you to potential loss. By providing automatic and daily three-way account reconciliation, RynohRecon helps agents ensure funds are not “taken” from one file to cover another, nor can disbursements be “missed.”

Unique Features Include:

  • Automatic Group Deposit Matching
  • Automatic Sweep Account Reconciliation
  • Monthly Reconciliation Evaluation

These features provide more rigorous and comprehensive oversight for faster error discovery and correction.

About Reconciliation

Reconciliation Wizard

The Reconciliation Wizard identifies accounting errors and assists users in ensuring their accounts are reconciled. The Reconciliation Wizard:

  • Verifies that File-to-File Transfers are in Balance
  • Ensures there are no “forced” Cleared Transactions
  • “Forced” Cleared Transactions are Transactions that are Manually Cleared in the Software and do not have a Matching Bank Transaction
  • Guides the User Through the Correction Process Ensuring that your Escrow Account Remains Compliant with ALTA’s Best Practices, and that you are Audit Ready!

Reconciliation Analysis Report

The Reconciliation Analysis Report ensures that an account is balanced three ways and identifies potential audit or regulatory concerns including:

  • Transactions that have Cleared the Bank but are not Posted in the
    Accounting Software
  • Files with Negative Balances & Stale-Dated Checks
  • Pending Deposits & Files with Retained Funds
  • Flags Errors (Including Posting Errors and Bank Errors)

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MAKE THINGS BETTER

More Ways Rynoh
Live Can Help

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What does a typical day look like for you?

Namaste. A typical day in the office for me looks like the floor beneath my dad’s desk – the perfect oasis. From there I can help promote a chill and relaxed vibe for the entire office. Throughout the day, I may need to alert my colleagues of any unknown humans, like this one guy they call “UPS Tim,” that might interfere with our zen. But my fellow RynohPup, Kevin, seems to like his deliveries, so we’re cool.

- Rex

A FEW KIND WORDS

From Happy Clients

Rynoh has made a tremendous difference in our business. It has helped save our company thousands of dollars. I have to admit, we were hesitant to jump into using Rynoh because we felt like it was all under control. Much to our surprise, we couldn't imagine continuing to reconcile our bank accounts without the assistance of Rynoh. The staff is great and extremely helpful! We make sure and let others know how much we appreciate Rynoh!

Amber Ketchum, Accounting Manager

I love Rynoh! Everything we have needed is in this software. I cannot imagine doing reconciliations manually. The monitoring service is wonderful and allows us to focus our efforts on generating more business rather than hours of escrow reports and monitoring. Rynoh's customer service and support are outstanding. The response times and patience answering questions for a "not so techy" client is much appreciated. I cannot find the adequate words to say what an important part Rynoh plays in our overall day to day business.

Pamela Blissit, Owner

Rynoh made us more prompt on resolving funding issues that would have cost us hundreds of dollars before in interest and fees. Rynoh has also made being best practice compliant easy for our accounting department, whereas before we had a very slow manual process.

Adam Back, Vice President

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