# Settlement Statement

The Settlement Statement provides an overview of your settlement, including a summary of associated financial activities. For example, refunds, chargebacks, and fees.
You can give this document to your bank as proof of a given payment from Checkout.com.

To see the specific payments and fees included in the settlement, see your [Financial Actions by Payout ID Report](https://www.checkout.com/docs/funds-management/retrieve-financial-reports/settlement-reports/financial-actions-by-payout-id-report.md).

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## Statement availability

The statement is created when your settlement is generated, between midnight and 2:00 AM in your entity's [settlement time zone](https://www.checkout.com/docs/funds-management/receive-settlements.md#Settlement_time_zone).

You receive a statement for every settlement paid out to your bank account, in line with your [settlement schedule](https://www.checkout.com/docs/funds-management/receive-settlements.md#Settlement_schedule).

For example, assume that your settlement time zone is `America/Los_Angeles` Pacific Time (PT) and your settlement schedule is daily.
You receive a `USD` settlement from Checkout.com on August 4, with the payout/settlement ID `00000000CFJU`.

Your Settlement Statement with statement ID `00000000CFJU`, which is created at midnight PT on August 4, explains that settlement.
It includes all financial activities in `USD` on August 3, from midnight to 11:59 PM PT.

See instructions on how to download the statement on demand or on a schedule:

- [Using the API](https://www.checkout.com/docs/business-operations/retrieve-reports.md#Retrieve_reports_via_API)
- [Using Secure File Transfer Protocol](https://www.checkout.com/docs/business-operations/retrieve-reports.md#Access_reports_via_SFTP) (SFTP)
- [Using webhooks](https://www.checkout.com/docs/business-operations/retrieve-reports.md#Receive_reports_using_webhooks)

> **Note**
>
> All amounts in your statement are expressed in the [major currency unit](https://www.checkout.com/docs/payments/accept-payments/format-the-amount-value.md), rounded to two decimal points.
> For example, a total chargeback fee of 33.33333 USD appears as 33.33 USD on your statement.
> This makes statements unsuitable for reconciliation.

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## Statement format

The statement is provided as a PDF file. By default, the file name uses the following format:

- API and SFTP – `settlement-statement_{EntityID}_{Payout Date: YYYYMMDD}_{Payout ID}.pdf`
- Dashboard scheduled reports – `settlement-statement_{EntityID}_{Payout Date: YYYYMMDD}_{Payout ID}.pdf`

For SFTP, the statement is uploaded in the following folder structure: {Entity_name} > reports-{Entity_name} > _settlement-statements_

Dates and times, including the period each statement covers, are in UTC.

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## Sample statement

[Download a sample Settlement Statement](https://www.checkout.com/docs/large-media-assets/settlement-statement_ent_dghi2h6cmtqulmrtxd_20230115_00000XY34.pdf) (PDF file).

> **Information**
>
> If using Safari, hold down the _Option_ key when selecting the link to download the file.

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## Statement contents

### Header

The statement header contains the following:

- Your legal business details:
   - Entity name
   - Address
   - VAT registration number
   - Entity ID, prefixed with `ent_`
   - Client account
- Checkout.com entity name and address
- Statement information:
    - Statement ID
    - Statement date
    - Statement period

### Summary

The summary outlines the financial activities associated with the settlement.
It also includes the settlement ID and currency.

### Statement period

If your Settlement Statement includes payments that were processed across two or more separate periods, then the _Statement period_ section displays the information for each period.

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## Reconciliation

To reconcile your bank statement with your Settlement Statement:

1. On your bank statement, identify a payment from Checkout.com.
2. In your bank statement's reference field, find the payment's unique 12-character ID and download the Settlement Statement with the matching ID.

The amount settled in your account should equal the net amount on your statement.