PCard: Cardholder Statements

• A statement will be issued by the bank following each billing cycle (as long as there were transactions made within that cycle period).

• The statement will be mailed to the name/address associated with the credit card account. The statement may also be viewed and printed online.
  
  On the left-hand side of the PaymentNet Welcome Screen, select Electronic Statement & Payment. Follow specific instructions in the PaymentNet Users Manual for viewing and printing the statement.

• The monthly billing cycle runs from the 21st day of one month to the 20th day of the next month (See Statement Cycle Dates).

• The statement is only a memo of the cycle's transactions for a specific credit card account. Payments should not be sent to Accounts Payable based on this statement.

• Follow all internal policies assigned by your department with regard to statement retention or submission for reconciling purposes.