Glossary › Statement of Account
Statement of Account
A summary sent to a client listing their invoices, payments, and current balance over a period.
A statement of account summarises a client\'s activity: invoices issued, payments received, credits applied, and the resulting balance. It\'s a status report, not a new charge.
Monthly statements gently surface forgotten invoices without a direct chase, and they give clients\' bookkeepers exactly what they need to reconcile their own accounts payable.
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