Downloading disbursement transaction statement

Introduction

A transaction statement is a summary of the financial activities and transactions associated with a specific account over a given period. It typically includes details such as deposits, withdrawals, fees, and balances.

One of the key transaction statements available is the Disbursement Transaction Statement. The disbursement transaction page is the hub for all loan disbursement and repayment transactions. Once a lender signs up on Lendsqr, a disbursement account is automatically set up for them. This account manages all their loan-related inflows and outflows, including disbursements.

Find out more on how to use your disbursement account here.

You can directly access and download the Disbursement Transaction Statement from the Disbursement Transactions page.

How to download the disbursement transaction statement

Navigate to the “Transaction Management” tab in the side navigation menu
From the dropdown menu, click on Disbursement Transactions
Once the disbursement transaction page is open, click on export at the top right corner of your screen

You would be given an option to Export statement
Click on Export statement
A modal with all of the information needed to successfully export your data will be shown to you.
Enter the Start Date and End Date for the transactions you want to export.
Choose your preferred format: CSV, Excel, or PDF.
Click the export button for the chosen format. The file will be sent to your email.

The Disbursement Transaction Statement provides a detailed record of your transactions, including transaction dates, narrations, references, the credit and debit amounts, and account balances. It also outlines all inflows and outflows, presenting the final balance in your account as of the time of download.

Definition of terms in the Disbursement Transaction Statement

Opening Balance: This is the amount of funds available in the disbursement account a day before the start of a specific period. It serves as the starting point for calculating the financial activity during that period.
Closing Balance: This is the amount of funds remaining in the disbursement account at the end of a specific period after accounting for all inflows and outflows. It essentially reflects the current state of the account after all transactions have been processed.
Outflows: These refer to the transactions where funds are leaving the disbursement account. They include any disbursements or payouts made, such as loan disbursements to borrowers.
Inflows: These are transactions where funds are entering the disbursement account. This could include loan repayments made by borrowers returning the borrowed funds.
Debits: In the context of disbursement transactions, debits represent any transactions that decrease the balance in the account, such as loan disbursements or other payments made from the account.
Credits: These are transactions that increase the balance of the disbursement account. For instance, they could include loan repayments, which are considered credits as they add to the account’s balance.
Transaction Reference: In disbursement transactions, a reference is a unique identifier assigned to each transaction. It serves as a tracking mechanism, allowing both the organization and the payment processor to identify and verify the details of a particular transaction.
Transaction Date: This refers to the specific day when the transaction was carried out. It helps in tracking the history of transactions along with the corresponding balances before and after each transaction.