Accounting Resource
Statement of Account Guide
A statement of account summarizes invoices, receipts, and balance due over a period.
When to Send
Month-end customer reminder.
Before credit hold decisions.
Before collection escalation.
What It Should Show
Opening balance.
Invoice and receipt activity.
Closing balance and due items.
Step-by-Step Guidance
- Select statement period.
- Verify open invoices and applied receipts.
- Send with polite payment request and due summary.
Small-Business Use Case
A B2B supplier sent monthly statements and improved on-time collections with fewer manual calls.
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FAQ
Is a statement the same as an invoice?
No. A statement summarizes account activity; an invoice requests payment for a specific sale.