How are mid-month bank/credit card statements treated?

Bank or credit card accounts with a mid-month ending date (most commonly credit cards) will be formally reconciled through the statement ending date; if provided.

Bank or credit card accounts with a mid-month ending date (most commonly credit cards) will be formally reconciled through the statement ending date; if provided. If the remaining transactions for the month being closed are populated via the bank feed,* they will be entered. or for Those requiring manual uploads that will also be entered as long as the .csv file was uploaded to the respective client’s portal prior to the close cutoff date. 

Any transactions not recorded for the month that are received in the following month closing cycle will follow the close type elected in their scope of service; either:

• Soft Close - will carry the actual transaction date in the prior month; or
• Hard Close - will carry a date of the 1st of the following month

* Some accounts will use the Smart Connect bank feed and others use your client’s general ledger bank feed. This will be dependent on your clients’ specific account(s).