How to Read a Statement of Account
How to Read Your Argument
Cover:
The cover page displays your accost, general processing information and a customer service number. It also features a special section to notify yous of important service and account information equally well as a quick summary of what'due south inside your statement.
Deposit Corporeality: The full net dollar amount (Sales minus Returns) of all submitted batches of transactions
Amount Transferred: Total dollar amount transferred to your bank account by Hunt
Chargebacks & Reversals: Full dollar amount of transactions refuted past customers or flagged by the payment menu issuing banking company for a technical event
Financial Adjustments: Full dollar amount charged or credited to your merchant account
Charges & Fees: Total dollar amount for fees charged either past Chase or the Payment Brands
Eolith Summary:
This is an overview of all your transactions candy for the argument period past carte type, including any financial adjustments fabricated to your deposits. The negative amounts (credits withheld or removed from your deposits) are indicated in blood-red text.
Total Deposit Amount: The total dollar corporeality (Sales minus Returns) of all submitted batches of transactions
Deposit Adjustments: Dollar amount of transactions that were rejected and not processed
Cyberspace Deposits: Total Eolith Amount minus Eolith Adjustments
Funded: The portion of Net Deposits that are eligible for funding by Chase (as opposed to being eligible for funding past a 3rd party, like American Express); more particular is provided in the Funding Summary section
Totals By Card Blazon: Total Funded amount, separated past carte du jour type; the bodily corporeality is to the right of the carte type; see Credit Menu Summary department for more details
Funding Summary:
This folio provides a drill-down of the Funding column in the Eolith Summary department, showing the deviation between the Funded amount and the amount really transferred to your bank by Chase. Negative amounts are indicated in red text. For more details, see the Chargebacks & Reversals, Fiscal Adjustments and Charges & Fees sections.
Deposits: Same as Funded cavalcade from Deposit Summary section; the portion of Net Deposits that are eligible for funding by Hunt (equally opposed to being eligible for funding by a 3rd party, like American Limited)
Amount Transferred: Full dollar amount transferred to your bank business relationship by Hunt
Credit Bill of fare Summary:
The Credit Bill of fare Summary provides a detailed breakdown of your sales by card type for the statement period.
Number of Items: Total number of sales transactions past bill of fare type
Number of Items: Total number of credit transactions (Returns) by card blazon
Full Number of Items: Total number of transactions (Sales and Returns) processed past carte du jour type
Chargebacks & Reversals:
This section details your Chargebacks/Reversals from the Funding Summary section. Chargebacks/Reversals by and large occur when a customer refuses to accept responsibility for a charge to his or her payment card. They may also be initiated by the payment card issuing bank due to a technical issue, such as no dominance approving code received.
ACS Number: This Automated Example Number (ACS) is assigned to the chargeback/reversal and may be used for disputing any chargebacks or reversals
Financial Adjustments:
This section details any Financial Adjustments from the Funding Summary department, itemizing adjustments processed based on date and description. The amount charged to your account is indicated in black, while whatever credits to your account are indicated in red.
Corporeality: The dollar amount of the adjustment on the given date
Charges & Fees:
This section details your Charges/Fees from the Funding Summary section. The Amount Charged is dependent on whether the category of charge/fee is a Rate, per-Item Charge, or both.
Sales Corporeality: The amount of the sale, earlier fees, refunds or adjustments have been applied (gross sales)
Charge per unit: This percentage rate is based on your specific fee structure
Corporeality Charged*: This department details your Charges/Fees from the Funding Summary section. The Amount Charged is dependent on whether the category of charge/fee is a Rate, per-Item Charge, or both.
Items: Total number of billable items, which are specific to the fee in question
Detail Charge: This is the per-particular accuse based on your specific fee construction
* The number of items is multiplied by the Particular Charge to calculate the Amount Charged
Source: https://merchantservices.chase.com/support/managing-your-account/how-to-read-your-statement
0 Response to "How to Read a Statement of Account"
Post a Comment