SAV Academy · Customers & Suppliers
Customer & supplier statements
Purpose
Produce a statement of account showing all invoices, credits and payments and the running balance for a party.
Who uses it
Accountants and collections staff.
Prerequisites
- •Posted documents for the party
Step by step
- 1Open the customer or supplier record.
- 2Open its Statement / Account tab.
- 3Choose the date range.
- 4Print or export the statement.
Key fields
| Running balance | Cumulative balance after each document. |
| Date range | Limits the statement period. |
Practical example
Send Gulf Trading a statement showing the 1,050 invoice and the 1,050 receipt, net balance zero.
Accounting impact
The statement is a view of the party sub-ledger; it posts nothing.
Tips
- •Reconcile the statement balance to the AR/AP control account in the trial balance.