If you purchase goods or services from a vendor, you likely have a vested interest in your monthly transactions with those businesses. The same goes for any customers who buy goods or services from you as a business owner. To provide a detailed accounting of a customer’s or client’s monthly activities, many businesses offer a statement of account. Although some businesses still mail them, they can also be provided by email or a web portal. The document serves as a courtesy, helping your customers balance their own books.
TL;DR (Too Long; Didn't Read)
A statement of account is a document that shows a customer an accounting of every transaction within a specific billing cycle.
What Is a Statement of Account?
Formatting a Statement of Account
What Is a Bank Statement and Its Purpose?
Statement of Account Examples
Goals of a Bank Statement
What Is the Difference Between Invoicing and Billing?
How Long Is a Monthly Statement Cycle?
Handling Late Payments
Electronic Statements of Account
Statements of Account Security
- AccountingTools: The Statement of Account
- Beginner Bookkeeping: Statement of Account
- iEduNote: Bank Statement: Definition, Use, Importance, Sample, Example
- Invoiced: What's the Difference Between a Bill and an Invoice?
- Investopedia: Billing Cycle
- ServiceCore: Best Billing Practices: 28 Day Billing vs. Monthly Billing