SAM130032 - Statements: statement content and layout: open item transaction details
Each Open Item shows the following information
- An item ‘Date’ in the left hand column for the first entry of each Open Item
- A description of the Open Item in the first line followed by a description of any transaction (adjustment, credit and so on) affecting the item balance
- The amount of each transaction with the suffix ‘CR’ where the transaction is a credit otherwise with no suffix
- A summary of the amount collectible following any change to the original charge (Note: This summary line only appears on statements created after November 1998)
- The total credit where there is more than one payment credit present (Note: This summary line only appears on statements created after November 1998)
- Accruing interest on the last line of the Open Item if the Open Item is an overdue charge that is interest bearing - see section ‘Interest Calculation’
- The Open Item balance in the Balance column to the right of the last entry for the Open Item
Notes:
-
Charge adjustments are displayed in date order immediately below the Open Item
-
Each adjustment shows the difference between the old and the new charge
-
Credits allocated against an Open Item are displayed in date order directly after charge adjustments. The credit date is shown within the description
-
The last entry for an Open Item that is interest bearing and has an overdue balance, is the amount of accrued interest
-
A payment wholly returned by the bank (returned payment) in SA is shown as a separate Open Item. The amount and balance columns both show ‘0.00’. The Open Item where the payment was allocated no longer reflects the credit