Banking operations workflow for Tallyfy

Research Fed adjustments before they become bigger problems

Federal Reserve adjustment entries need prompt research and proper documentation. Missing the response window or posting incorrect entries creates bigger issues. This workflow guides operations staff through research, accounting decisions, and proper documentation.

3 steps

3 fields

Import into Tallyfy Preview steps

Banking

Run this workflow in Tallyfy

Import this template into Tallyfy and capture the adjustment date, amount, and Fed reference number in the kickoff form to start research

Use Tallyfy's dropdown fields to record adjustment reason (encoding error, late return, duplicate, charge back) and accounting treatment (bank absorbs, charge to customer, dispute with Fed)

Track the complete research trail in Tallyfy from original transaction lookup through entry posting and customer notification for audit documentation

Import this template into Tallyfy

Process steps

Research original transaction

2 days from previous step

task

Using the Fed reference number, locate the original transaction. Pull supporting documentation: deposit tickets, wire confirmations, or check images. Determine what the adjustment is correcting - encoding error, late return, duplicate posting, or other issue.

Form fields in this step

Original Transaction Found *

Adjustment Reason *

Research Notes *

Determine proper accounting treatment

3 days from previous step

task

Based on your research, determine how to account for the adjustment. If it's a bank error, absorb the loss or gain. If it affects a customer account, determine whether to pass through or absorb. Document your decision rationale.

Form fields in this step

Accounting Treatment *

Amount to Post *

Approval Required *

Post entries and document

5 days from previous step

task

Post the correcting entries to the appropriate accounts. If charging or crediting a customer, send proper notification. Document the complete resolution with all supporting materials. File for future reference or examination review.

Form fields in this step

Entries Posted *

Customer Notified (if applicable)

Documentation Filed *