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
Stephanie Faris is a novelist and business writer whose work has appeared on numerous small business blogs, including Zappos, GoDaddy, 99Designs, and the Intuit Small Business Blog. She worked for the State of Tennessee for 19 years, the latter six of which were spent as a supervisor. She has written about business for entrepreneurs and marketing firms since 2011.