What is the Statement of Account Report and What Is Its Benefit?

The Statement of Account report shows all financial transactions on a specific account such as those between you and a customer over a defined period. It includes:

• Issued invoices of all types: regular, cash, and recuring.

• Payments received.

• Credit notes (e.g., returns).

• Opening and closing balances.

What’s the benefit of the Statement of Account report for customers?

• Accurately tracks the amount due from a customer.

• Shows all financial interactions with the customer in chronological order.

• Serves as proof of the amounts owed or paid.

• Useful for follow-ups, collections, and account reconciliation.

• Helps show total sales accurately, especially since some sales reports only include credit invoices and may exclude cash invoices.

When should you use it?

• When reviewing customer balances.

• Before sending a payment request.

• To provide the customer with a full transaction history.

How to View the Statement of Account Report?

1. Go to “Reports” from the main menu.

2. Click “Statement of Account” under the “For Accountant” section.

3. Use filters to:

   • Select the Account Type (e.g., Customers or Revenue).

   • Or choose a specific Contact (Customer).

   • Or leave filters empty to see all transactions.

The report will show:

• All invoices (cash and credit).

• Payments.

• Credit notes and other related entries.