Bank Reconciliation and Positive Pay Review
Governs monthly bank account reconciliation, daily positive pay exception review, and controls over outstanding and stale items.
Why This Matters
The bank account is where every other control either proves out or unravels. Check fraud and ACH fraud both exploit the same gap: nobody looking at exceptions the day they appear. Positive pay only protects the property if the exception queue is worked before the bank's daily deadline.
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Company Vault is bought for a property, not a person, and every team member on it reads the 98 property-plan standards. A free account and the monthly unlock do not open them.