Answer Bank
Unlocking Insights
At ReCon Works, we're committed to providing comprehensive support to professionals in the fields of escrow, escheatment services, and 1099 filings. To further assist you in your endeavors, we're thrilled to offer our self-guided "Answer Bank" documents, carefully curated to address common challenges and provide valuable insights.
Our "Answer Bank" documents serve as an invaluable resource, offering practical guidance and solutions tailored to the unique needs of those involved in escrow or escheatment services, as well as individuals responsible for 1099 filings. Whether you're a seasoned expert or new to the industry, our documents are designed to empower you with the knowledge and tools needed to navigate complex processes with confidence.
Training Sessions
Banking Procedures
- Daily Balancing
- Monthly Reconciling
Clearing Recon Exceptions
- Understanding exceptions
- Clearing exceptions on your trust account reconciliation report
Preventing Trust Acct Conflicts
- Overdrawing the trust account
- Title company wires sent to wrong accounts
- Savings account problems (bank and computer)
Resolving Account Conflicts
- Vetting double payments to payees
- Retrieve double-paid funds
- Handling returned bank deposits
- Escrow accounting for checks paid by bank, already adjusted
- Resolving computer and bank discrepancies
- Detecting unauthorized trust acct wires
- Correcting bank charges on trust accounts
Transferring to a New Bank
- Procedures required by government
- Calculating amount to leave in old account
- Instructing title companies on wiring
Contact us to receive this Answer Bank document via email. The cost is $75, which may be applied toward any service purchased from ReCon Works within 30 days.
1099 Filing
Questions regarding making your 1099s Filings? Recon Works offers self-guided "Answer Bank" support to those providing escrow services, who have questions.
Filing Procedures
- Who must file?
- Important annual filing dates
- Step-by-Step Filing requirements
- Is help available?
Contact us to receive this Answer Bank document via email. The cost is $50, which may be applied toward any service purchased from ReCon Works within 30 days.
Escheatment
The following questions arise in the daily process of escrow. ReCon Works can offer support to those providing escrow services through our self-guided "Answer Bank" which covers questions regarding Escheating Funds to the State of California.
Escheating Trust Funds
- Using the internet to complete required paperwork
- Important annual filing dates
- Manual reporting requirements
- Tracking each escheated amount
- Filing tips for future references
- Is help available?
Contact us to receive this Answer Bank document via email. The cost is $50, which may be applied toward any service purchased from ReCon Works within 30 days.