Understanding Your Statement

We often receive requests regarding how to read the Statement of Accounts. The following is some additional help on how to read your account statements.

Important Things to Know

1. Your statment sorts firstly according toJob/Project number and NOT according to date.
2. If you need a report of other specific types of transactions, such as “only payments” or “only invoices” please request one seperately which we will be happy to provide you with.
3. Your statement DOES NOT contained detailed information on specific products or services such as an items age, materials or other detailed information. Please refer to your online order for this information.
4. Unless specifically noted otherwise, all statements are in Chinese RMB. To convert to your currency use the Bank of China current days rate, available online at: http://www.china.org.cn/english/MATERIAL/43805.htm
5. In the TO square, you can find out your name and your address, it means we are sending to a right statement to a correct person. Under the ATTENTION, the context is important which you MUST read carefully.

• INV: INVOICE for specified items such as products, packing, or other services. Following the INV is the individual invoice number followed with the transaction number. The main line items for this invoice will show below. For foreign currency transactions, the rate in which the currency was converted to Chinese RMB will be reflected as well. Example: INV # 0528-139
• PMT: PAYMENT which you sent to us either by check, wire transfer or by cash deposit. Example: PMT # TT MNY195091161(the wire transfer number)
• CREDMEM: CREDIT MEMO which we owe you and can deduct the amount from your account balance. CREDMEM represents that we deduct the amount either by unshipped items, damaged items or other special circumstances. Example: CREDMEM # 0528-160
• CHK: Check which we rarely use except in special cirumstances. Example: CHK # 120