• 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.