How do I read the Deposit section of my statement?
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The Deposit section shows the daily breakdown of your processed transactions and how they contribute to your total deposits. It helps you track when and how funds from your sales are being settled into your bank account.
Below is an example image of what this section may look like on your merchant statement:
Below you’ll find details about each column:
- Transaction Day: the calendar day the transactions were processed.
- Reference Number: a unique ID assigned to each deposit batch for tracking and reconciliation at the processor.
- Transaction Description: typically labeled as “Deposit”, indicating a transfer of funds to your bank account.
- Number of Sales: the number of transactions included in that day’s deposit.
- Sales Amount: the total dollar value of those transactions.
- Gross Amount: the full transaction value before any deductions (may be blank if not applicable).
- Credit Amount: the total value of any refunds or returns processed that day.
- Daily Discount Paid: the processing fees deducted from that day’s transactions.
- T & E Non-Settled: transactions that haven’t been settled yet (if applicable).
- Settled: indicates whether the transactions have been finalized and the money transferred to your bank account.
Why is this section important?
This section helps you to:
- reconcile your daily deposits with your bank account
- track processing fees and refunds by day
- identify any unsettled or delayed transactions