We understand you may have a lot of questions and would like more information before contacting us, so below are some commonly asked questions that we receive of a frequent basis. Should you have any questions in addition to the ones listed below, please feel free to contact us.
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Q: What is a 3-way reconciliation?

A: A 3-way reconciliation brings the book balance, adjusted bank balance and Trial Balance into agreement and accounts for each cent. This answers the question of who's money is in your escrow account.

Most "all-inclusive" softwares offer this type of accounting feature.
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Q: I use QuickBooks / Quicken, can a 3-way reconciliation be produced?

A: Yes, however, QuickBooks and Quicken must be setup correctly in the beginning or the account will never be able to tie.
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Q: I have never produced a 3-way reconciliation before, will I be able to now?

A: It depends. Since it is difficult to try to encompass all the different types of situations on this page, please contact us directly for our professional synopsis.
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Q: I am several months behind, can you catch me up and maintain my account?

A: In most cases yes. Before we begin, we would need to review the last 3 months of valid reconciliations produced from your software.
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Q: Our account is an interest bearing account (sweep, IOTA, IOLTA, etc.), can you reconcile it to meet our underwriter's requirements?

A: Yes. As auditors for several underwriters, we know how to properly reconcile and account for interest bearing accounts.
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Q: My Underwriter requires our reconciliations on a monthly basis, can you send them to the Underwriter directly?

A: Yes, as an additional free service we will email your Underwriter your monthly reconciliations.
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Q: I currently have my accountant reconcile our escrow / trust account. How can I be sure they are a valid 3-way reconciliation?

A: Please contact us for a free confidential review of the reports your accountant gives you. At that point we will give you our professional opinion of said reports.
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Q: I am applying to a new underwriter and they are requiring the last 3 months of our reconciliations. We are behind, how fast can you catch us up?

A: Unfortunately, it depends. Since it is difficult to try to encompass all the different types of situations on this page, please contact us directly for a possible date range.