Sample of Monthly Statement
Your monthly statement consists of the following areas:
Plan Summary
This area will have total Sales and Credits broken down between the different types of bank cards (Visa, MC, AmEX, Disc, etc). The discount fee % which is the amount that Bank of America charges per transaction (currently .08%). The last line will give total sales, credits, average ticket, and total discount fee.
Transactions
The transactions area is sorted by day of the month. The net deposit should match the department's UAccess Financials deposit.
Expenses
This is the breakdown of expenses (other fees) for the merchant on card type discount, equipment and service charges. This will be a complete breakdown of cards and rates including the credits. Total other fees due will be the charge for the use of credit cards.
Fourth and Final Section is the total expense box at the end of the statement. This section will have the expenses areas totaled and should match the monthly entry of the UAccess Financials expense number and object code. This is the cost of utilizing credit cards for the department.
Open the file below to see a Sample Statement (PDF document - Adobe Reader required).
