When do new transactions appear on the online statements?
New transactions will appear online after the following three step process:
- The transaction takes place.
- You accounting team must close the accounts for that day. Often this will not be until next business day, depending on your accounting practices.
- Every 6 hours the statements will update starting at 12:30am midnight, 6:30am, 12:30pm noon and 6:30pm
Example:
- Member has a lunch transaction at 1:00pm
- Accounting team completes end of day process next morning at 10:00am
- Next update will take place at 12:30pm noon
Member will be able to log on to the website after 12:30pm noon to view the lunch transaction from the day before.