Master Reconciliation Report Sample Clauses
The Master Reconciliation Report clause establishes the requirement for a comprehensive report that reconciles and summarizes all relevant transactions or accounts between parties over a specified period. Typically, this report is prepared periodically—such as monthly or quarterly—and includes details like outstanding balances, payments made, and any discrepancies identified. Its core practical function is to ensure both parties have a clear, agreed-upon record of their financial dealings, thereby reducing the risk of disputes and promoting transparency in ongoing business relationships.
Master Reconciliation Report. A master reconciliation report must be available on a daily and monthly basis, at a minimum. It provides a summary of all daily sources of funds and disposition of funds, including the following:
a. Funds collected from cashiers, Player Terminals, and Kiosks;
b. Funds carried forward from prior business day, including liability from prizes awarded, but not paid out, prize pool balances, and reserve funds, etc.;
c. Payments to players; SPOKANE TRIBE APPENDIX X2 Page 25
d. Funds available to operator; and
e. Tickets and prizes dispensed and played to reconcile with amount won.
Master Reconciliation Report. A master reconciliation report shall be available, at a minimum, on a daily and monthly basis, providing a summary of all daily sources of funds and disposition of funds, including but not limited to the following:
1. Funds collected from cashiers and cash exchange kiosks;
2. Funds carried forward from the prior business day, including liability from prizes awarded, but not paid out, prize pool balances, and reserve funds;
3. Payments to players;
Master Reconciliation Report. A master reconciliation report shall be available, at a minimum, on a daily and monthly basis, providing a summary of all daily sources of funds and disposition of funds, including but not limited to the following:
1. Funds collected from cashiers and cash exchange kiosks;
2. Funds carried forward from the prior business day, including liability from prizes awarded, but not paid out, prize pool balances, and reserve funds;
3. Payments to players;