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Trust Account Management
Verifund is a reconciliation program developed for payroll providers that balances your clients’ tax liability and other escrow funds to your month-end bank statement.
With Verifund, you can better manage your tax accounts, net pay accounts and client billing accounts. This multi-functional tool helps you categorize, reconcile, and analyze payroll, bank, and EFTPS transactions for trust accounts.
Verifund allows users to:
- Reconcile all debits and credits in multiple trust accounts down to the transaction level.
- Automatically import all client liabilities and bank transactions into Verifund daily.
- Monitor all tax activity – Federal, State, and Local – on a daily basis, by client.
- Respond quickly and accurately to any tax inquiry.
- Generate warnings that tax liabilities may not be paid, avoiding expensive penalties.
- Research any client, tax liability or transaction at any time with Verifund’s powerful query tool.
- Produce client statements at the end of any period you specify that will reflect all funds escrowed and the ultimate disposition of the funds.
- Verify and ensure that all tax liabilities are paid by EFT and/or check.
For more information about ECCA Payroll + Business Solutions, please call toll-free 1-800-864-2843.
Or, complete our online Business Solutions form for a no-obligation quote.
Mutual Insurance Conferences
Learn about ECCA and our Mutual Expert software during these insurance events.
* All events are subject to change
Ponte Vedre, FL
April 7 - 9, 2013
Lake Placid, NY
May 29 - 30, 2013
August 4 - 6, 2013
August 18 - 20, 2013
Wisconsin Dells, WI
September 8 - 10, 2013
September 22 - 24, 2013
November 3 - 5, 2013
Des Moines, IA
November 17 - 19, 2013
December 4 - 5, 2013