MONTHLY STATEMENTS EXPLAINED

MONTHLY STATEMENTS EXPLAINED

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Monthly Statements Explained

Monthly statements can be hard to get your head around. Watch Eilish go through the different components of your statement and what they mean.

Invoices are generally sent out the day they are packed and on their way to you.

If you have credits available, they will be shown here on the statement. This will be taken off the total amount owing.

Statements are sent within the first working week of the following month for the sales made in the month prior.

Statements show the balance forward, which in other words is the amount that is overdue

On the bottom of the statement, you will see Ages showing: Current which is the amounts owing from the previous month due on the 20th or 30th of this month. 1– 30 days is the overdue amounts outstanding from the month before.

If there are amounts overdue, this is the balance forward which is what we just spoke about, but it is split into the ages broken down to show what the old amount owing  is. If you added up the overdue amount that would equal to the balance forward.

If you have an amount in the deposit balance field at the top of the statement this means you have overpaid.

The total of the statement is excluding this deposit balance so if you do have a deposit owing, please ensure you deduct this from the deposit amount from the due excluding deposit amount.

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Monthly Statements Explained

Monthly statements can be hard to get your head around. Watch Eilish go through the different components of your statement and what they mean.

Invoices are generally sent out the day they are packed and on their way to you.

If you have credits available, they will be shown here on the statement. This will be taken off the total amount owing.

Statements are sent within the first working week of the following month for the sales made in the month prior.

Statements show the balance forward, which in other words is the amount that is overdue

On the bottom of the statement, you will see Ages showing: Current which is the amounts owing from the previous month due on the 20th or 30th of this month. 1– 30 days is the overdue amounts outstanding from the month before.

If there are amounts overdue, this is the balance forward which is what we just spoke about, but it is split into the ages broken down to show what the old amount owing  is. If you added up the overdue amount that would equal to the balance forward.

If you have an amount in the deposit balance field at the top of the statement this means you have overpaid.

The total of the statement is excluding this deposit balance so if you do have a deposit owing, please ensure you deduct this from the deposit amount from the due excluding deposit amount.

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