Term Explainer

What is a Statement of Account?

A Statement of Account shows all invoices, payments, and balance for a customer over a period.

A Statement of Account is a summary document, not a new charge.

It helps customers see what has been invoiced, what has been paid, and what is still outstanding.

Use it when clients ask for a full account history or balance check.

Guidance only. Ensure statements match your actual invoice and payment records.

Review status: Pending legal review

Last reviewed: 2026-03-05