A billing statement template is a formal weekly or monthly end report which is generated by financial companies or banks to send back to client who is using its credit facility, informing him/her to about transactions which took place during period. Usually this statement is issued against the facility of credit card, issued by banks. It has multiple segments which must convey to facility holder, for instance; minimum payment required, actual credit balance, premium amount charged on transactions, remaining credit limit and transaction details.
Billing Statement Reporting
Client can ask for multiple options about facility especially related to reporting such as; monthly reporting, weekly reporting, transaction alert reporting and low balance reporting. Further to this context, client can click on option of receiving it on email or physical address.
Billing Statement Information
No doubt a billing statement is a periodic statement which keeps record of purchases listing the method of payments made by credit/debit cards within the billing cycle of account. These monthly bills are sent by the credit card companies to the midst of customers to insure the activities of their ongoing and outstanding purchases they have freely made within the limit of their bank account. Moreover these financial institutes issue this statement as a summary for the activities of their account.
Billing Statement Details
As we discussed above, this statement is further divided into different segments which are important and crucial for client. It starts with previous balance, previous bonus points, installment amount, cash advance fee charged, balance transferred, remaining interest charged and merchant refund or pending claim information which is provided in this report. Moving further, it covers the minimum amount due segment where user can understand how much he/she must needs to pay. It may include any installment amount plus previous interest amount which was pending or any claimed which is now due. This minimum amount is necessary to pay in order to continue enjoying the credit facility.
The next segment is about basic information about the account such as; total credit limit award, total used credit limit, available limit for the next period, cash advance limit, payment cycle, last date of minimum payment, printing date and special note about account. It also includes, award points which user had earned previous month, total points till date, bonus points added in balance and reward points which redeemed previously.
