Remittance Processing Details Sample Clauses

Remittance Processing Details. Tax Report Remittances 4.2.6.1. Open all envelopes and sort Tax Report Remittances into two categories: (1) items to be processed by the Bank, and (2) items that cannot be processed by the Bank and must be delivered to ESD. Processed items must not be combined with unprocessed items. 4.2.6.2. Tax Report Remittances to be processed: • Single tax report with a single remittance • Multiple tax reports with a single remittance • Multiple tax reports with multiple remittances where the sum of the tax reports equal the sum of the actual amount remitted 4.2.6.3. Keep tax reports with accompanying remittances and other enclosures together and remove all staples. 4.2.6.4. The tax report remittances are processed by the Bank keying the ESD No., dollar amount, check number, processed date, received date and batch number of the remittance in an electronic file to be transmitted daily to ESD. 4.2.6.5. The ESD No. must be validated using an ESD-approved process. If the ESD No. is invalid, return tax report and remittance to its original envelope and keep together as a separate batch of items that are unable to be processed and to be forwarded to ESD. 4.2.6.6. Verify that the remittance amount and the amount entered on line 25 of the tax report agree. If the remittance amount differs from the amount entered on line 25 of the tax report, the Bank shall change the amount on line 25 to reflect the remittance amount. 4.2.6.7. Not alter or change any line(s) on the tax report other than line 25 of the tax report as outlined above. 4.2.6.8. Make every effort to eliminate errors in its processing of critical tax report and remittance data. 4.2.6.9. Tax Report Remittances will be processed in batches not to exceed fifty (50) items per batch. 4.2.6.10. Image the front of the Quarterly Tax Summary (5208A) Quarterly Wage Detail (5208B), as well as the front and back of the check after endorsement and envelope if it contains unique identifying information location/company info or if the due date has been exceeded. Send an electronic file of indexes and corresponding images to ESD daily in a format specified by ESD. Indexes will include at a minimum, ESD No., received date, processing date, batch number, amount, and quarter end date if applicable. 4.2.6.11. Tax Report Remittances Bank is unable to process - Bank may be unable to process tax report remittances for the following reasons: • Tax reports with no remittance. • Tax reports with remittances with no ESD No. • Tax reports with...