Statement of Account
A periodic summary sent to a customer listing all invoices, credits and payments, and the total balance currently owing.
What it shows
A statement of account is a running summary of a customer's ledger over a period, usually monthly. It lists every invoice issued, any credit notes, payments received and the closing balance. Unlike a single invoice, it gives the customer the full picture of what is outstanding.
Why send one
Regular statements prompt payment, surface missed invoices, and reconcile differences before they become disputes. They are also a gentle first step in the dunning cycle. Send clear monthly statements automatically through Merion invoicing to keep balances front of mind.
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