Statement of Account (Summary & Detailed Reports)

Through statement of account reports, you can track all financial transactions related to your contacts—whether customers, suppliers, or employees—and view the outstanding balance at any point within a selected period.

These reports give you a clear view of account status, helping you follow up on collections, review transactions, and make informed financial decisions based on accurate data.

Wafeq provides two types of statement of account reports, each offering a different level of detail to suit quick reviews or in-depth analysis.

Difference between the two reports

Summary report: organizes data by accounts
Detailed report: organizes data by individual transactions within each account

Viewing the Summary Statement of Account

From the main menu, click “Reports”, then select “Statement of Account” under the “For Accountant” section.

This report shows account activity during the selected period by presenting each account as a standalone block that starts with the opening balance, followed by its related transactions, and ends with the total movements and closing balance.

This view focuses on a high-level summary of each account without going deep into individual transaction details.

It includes:

Account (e.g., Customers, Cash, Expenses)
Date
Serial number and source (document type)
Offset accounts
Activity (transaction type)
Debit / Credit
Balance after each movement

Each account starts with an opening balance, followed by its transactions, and ends with total movements and the closing balance.

When to use it

To monitor account movement over a period
To understand how balances changed at a high level
To review opening balances and total movements per account
To get a structured overview without diving into transaction-level details

Controlling the reporting period

Click the date range at the top of the report to select a predefined period or define a custom range.

Customizing columns in the Summary report

To control visible columns or their order, click “Edit columns”:

Enable a field to show it, disable it to hide it
Reorder columns using drag and drop
Pin important columns so they stay fixed while scrolling

Click “Reset” to return to the default layout.

Filtering the report

Click “Add filter”, then choose the field to filter by (such as account or contact), and select a specific value if needed.

Note: If a contact is both a customer and a supplier, you can filter by contact to view their combined statement.

Exporting the report

Click “Export” and choose the desired format (PDF, Excel, etc.).

Viewing the Detailed Statement of Account

From the main menu, click “Reports”, then select “Statement of Account – Detailed” under the “For Accountant” section.

This report displays all transactions sequentially, showing each transaction individually with the balance updated after every entry. This allows you to track exactly how the balance was built step by step.

This view focuses on transaction-level detail and how each entry impacts the balance—not just the final result.

It includes:

Account
Date
Serial number and source (document type)
Reference
Offset accounts
Activity (transaction type)
Debit / Credit
Balance after each movement

The report begins with the opening balance, then lists each transaction in chronological order, updating the balance after each one, until reaching total movements and the final balance.