Usually, credit card issuers allow users to decide the payment dates. Therefore, if the settlement date is 10th of each calendar month, the payable balance would be expensed between 10th from the previous calendar month to 9th of the current calendar month. Any other expenses that occur after this period, would be considered as outstanding balance.
For example, if you set up the settlement date as 15th of each calendar months and today is 19th Mar,
Payable Balance: 15th of Feb – 14th of Mar
Outstanding Balance: 15th of Mar – 14th of Apr
And then, on 15th of May,
Payable Balance: 15th of Mar – 14th of Apr
Outstanding Balance: 15th of Apr – 14th of May
However, please ensure that if there is an outstanding balance prior to the settlement of payable balance or additional charges occur, these amounts will be included in the payable balance.
Setting > Configuration > Account Management > Select credit card > Edit > Account Info
Accounts > Select credit card > Edit > Account Info
Settlement Date indicates the beginning of your calendar month in terms of payable balance.