verifund

ECCA uses Verifund to categorize, reconcile, and analyze payroll, bank and EFTPS transactions for trust accounts. Verifund is a reconciliation program that balances your tax liabilities and other escrow funds to your month-end bank statement.

• Using Verifund, ECCA can reconcile all debits and credits in multiple trust accounts to the transaction level
• ECCA automatically imports all of your liabilities and bank transactions
• ECCA monitors all tax activity – Federal, State, and Local – on a daily basis.
• If you ever have a question, ECCA can provide a quick, accurate response using Verifund’s tax inquiry
• Warnings are generated that tax liabilities may not be paid to avoid expensive penalties
• ECCA produces statements at the end of any period you specify that reflects all funds escrowed and the ultimate disposition of the funds
• ECCA monitors and verifies that all of your tax liabilities are paid by EFT and/or check
• Verifund allows ECCA to reconcile trust accounts to the penny with on demand reconciliation powered by ACH links to financial institutions