Statement: Difference between revisions
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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 [[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. | 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 == | == Look Out For == | ||
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.