Statement Basics

Question 1

What are the 3 aspects of a Statement Analysis?

Answer 1

1) Volume
2) Transactions
3) Total Fees

Question 2

What are the 3 General Rules of Analysis?

Answer 2

1) Use GROSS Volume and TOTAL transactions
2) Exclude any Volume, Transactions or Fees that relate to DISCCOVER or PIN DEBIT
3) Separate AMEX Volume, transactions and fees from Visa & MC

Question 3

VOLUME

Answer 3

Total Amount Sold

Question 4

Where is VOLUME found on statement?

Answer 4

1st or 2nd section of statement

Question 5

What titles to look for to Identify Volume?

Answer 5

Sales Summary
Total Sales
Summary by card type
Use GROSS Volume (not net volume)