> For the complete documentation index, see [llms.txt](https://help.rails.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.rails.xyz/manage-account/portfolio-statements-and-exports/daily-and-monthly-statements.md).

# Daily & Monthly Statements

Rails now offers both monthly and daily statements immediately after each statement period concludes. These statements provide a detailed overview in USDT of your trade activities during the specified period in your Rails account, allowing you to verify and ensure the accuracy of all transactions, deposits, and withdrawals.

## **Locating Your Statement**

You can access your statements from the drop-down menu in the top right-hand side of your Rails account, as shown to the right.

Once there, select a monthly or daily statement to show all available statements that you can then download, as shown below:

<figure><img src="/files/HGIPRoReRe7WVQkz4yXL" alt=""><figcaption></figcaption></figure>

## **Key Components**

#### Account Summary

{% hint style="info" %}
Note: All Statement balances are shown in USDT.
{% endhint %}

The Account Summary begins your statement, giving you a quick snapshot of your activity for the given statement period:

<figure><img src="/files/ZAo893Ch8Wi0NYp7adFv" alt=""><figcaption></figcaption></figure>

<details>

<summary>Account Summary Data Definitions</summary>

* **Opening Balance:** Begins with the closing balance from the previous statement.
* **Closing Balance:** Provides a closing balance at the end of the current statement period. This balance becomes the Opening Balance on the statement in the next statement period.
* **Deposit:** the total of all deposits made within the statement period.
* **Withdrawal:** the total of all withdrawals within the statement period.
* **P\&L:** the total realized profit & loss within the period.
* **Transaction Fees:** the total of fees paid of all orders executed within the period.
* **Liquidation Fees:** The total of liquidation fees for any liquidated positions within the statement period.
* **Withdrawal Fees:** the total of all withdrawal fees for all withdrawals within the statement period.
* **Funding:** the total of all funding amounts within the statement period.

</details>

Your **closing balance** ($$Bal\_{close}$$) is determined by the following calculation:

$$
Bal\_{close}=Bal\_{open}+Deposits -W+PNL -Txn\_{fees} - W\_{fees} - Liq\_{fees}+Funding
$$

Where:

<table><thead><tr><th width="278.5859375">Symbol</th><th>Meaning</th></tr></thead><tbody><tr><td><span class="math">Bal_{close}</span></td><td>Closing Balance</td></tr><tr><td><span class="math">Bal_{open}</span></td><td>Opening Balance</td></tr><tr><td><span class="math">W</span></td><td>Withdrawals in statement period</td></tr><tr><td><span class="math">W_{fees}</span></td><td>Withdrawal Fees in statement period</td></tr><tr><td><span class="math">Liq_{fees}</span></td><td>Liquidation Fees in statement period</td></tr><tr><td><span class="math">Txn_{fees}</span></td><td>Transaction Fees in statement period</td></tr></tbody></table>

#### Open Positions & Trade Activity

{% hint style="info" %}
Note: All Statement balances are shown in USDT.
{% endhint %}

{% columns %}
{% column width="58.333333333333336%" %}

<figure><img src="/files/Y4CXI4pRrtOobQNGbIDQ" alt=""><figcaption></figcaption></figure>
{% endcolumn %}

{% column width="41.666666666666664%" %}
**Open Positions:**

* Shows the open positions at the end of the statement period.

**Trade Activities:**

* A detailed record of all trades completed during the month.

Both match the data available in Rails on your [Portfolio page](/manage-account/portfolio-statements-and-exports/portfolio-dashboard.md).

If you encounter any discrepancies on your statement, you must reach out to us within 10 days.
{% endcolumn %}
{% endcolumns %}