Verifund
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.