Understanding the Dates on a Credit Card Statement

Checking account statements often start/end on the first/last date of the month.
 
However, credit card statements often start/end whenever the account was created. 
 
As a business owner, you may be confused if your bookkeeper asks for a January statement. Do they mean the statement ending or beginning in January?
 
In this post, I’ll show an example of my own Bank of America credit card statements as an example.

Bank of America Credit Card Monthly Statements

Your bank may be different. But when I log into my Bank of America credit card to get statements it labels the statements by month.

Bank of America credit card statements labeled  by month.

However, you can see that each statement has the date of the 14th. 

What does that even mean? Is that the start date, the end date? Let’s open the December Statement to see.

December Statement

At the top of the statement are the dates. This December Statement covers November 15th – December 14th.

Bank of America credit card statement dates

That’s more November than December!

If your bookkeeper asks for the December Statement you don’t know if they want ALL the December transactions. Or, if they want the statement that ends in the middle of December.

If your bookkeeper isn’t clear you can always ask them for clarification but your best option is to send them both the December and the January statements so they get the full December coverage.

I hope this was helpful if you’d like to see some more statement examples scroll down to watch the video version.

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This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

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