Statement: Difference between revisions

Latest revision as of 08:55, 7 August 2025

A statement is a financial document which lists a summary of what a customer owes, this is usually sent out monthly but can be more or less frequent. A statement is a source document.

It's also a very helpful checking document as can be used to verify a customer has received all the invoices a supplier thinks they should have. It can also serve as a reminder to a customer to pay their invoices.

Look Out For

A brought forward balance - this is any balance left over from the previous statement (it can be a credit or debit balance).
Payments received from the customer.
Details of any invoices issued.
Details of any credit notes issued.
The running balance and at the bottom the current balance.
The bank details to send payment to.

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-A statement is a [[Financial Document|financial document]] which lists a summary of what a [[customer]] owes, this is usually sent out monthly but can be more or less frequent.
+A statement is a [[Financial Document|financial document]] which lists a summary of what a [[customer]] owes, this is usually sent out monthly but can be more or less frequent. A statement is a [[Source Document (Financial Document)|source document]].
+It's also a very helpful checking document as can be used to verify a [[customer]] has received all the [[Invoice|invoices]] a [[supplier]] thinks they should have. It can also serve as a reminder to a customer to pay their [[Invoice|invoices]].
+== Look Out For ==
+* '''A brought forward balance''' - this is any balance left over from the previous statement (it can be a [[credit]] or [[debit]] [[balance]]).
+* [[Payment|Payments]] received from the customer.
+* Details of any [[Invoice|invoices]] issued.
+* Details of any [[Credit Note|credit notes]] issued.
+* The running [[balance]] and at the bottom the current [[balance]].
+* The [[bank]] details to send [[payment]] to.