Escrow reconciliation for real estate closing attorneys

A closing practice runs the same money as a title agency: deposits in, disbursements out, file by file, every day. The reconciliation discipline is the same too. AER reconciles your escrow accounts every business day, from outside the people who move the money, and delivers the monthly compliance portal.

Every business day

For every account under daily reconciliation, AER reviews each day’s bank activity, works every unmatched item against your ledger, and notes by the next business day exactly where each one posts.

Every month

• Each open item that crosses its category’s age or risk threshold, ranked Critical, Resolve Now or Monitor, with the standard corrective step for its category.
• The date AER first identified each item, carried month to month while it stays open.
• One consolidated view across all of your escrow accounts.
• A three-way summary of book, bank and trial balance. See Three-way reconciliation.

Read-only at the bank, and never the money

AER works from your bank statements and daily bank activity, read-only at the bank, and the reconciliation reports in your platform. AER never moves, holds or disburses funds, and never approves a disbursement.

Questions

Does this replace my bookkeeper?

No. The reconciliation is reviewed from outside the people who receive and disburse the funds. Your bookkeeper keeps the books.

Can I start small?

Yes. Start with a free Snapshot of one account.

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