A statement of accounts is an archive issued by a supplier to its client posting exchanges over a given period of time, ordinarily month to month. It will incorporate points of interest of invoices, installments received and any credits affirmed with a resultant balance payable by the client. In short, a statement of accounts format is a synopsis of all business made to a client during the month. These statements are usually dispatched to only those customers with whom the supplier has agreed upon terms and conditions of the agreement. They are generally sent to the clients who need to pay their record in the months taking after the date of receipt. Customers who will pay instantly or within a short period of time have no need to be issued a statement of accounts. Similarly, a customer with no balance in their account is not required to be sent statement of accounts during the month unless and until the customer requests one, which does not happens occasionally.
Statements of Accounts format can be written in Excel or a Word format. These statements can be printed, written or emailed to customer as per requirement with simple traditional format for a statement of accounts. This document incorporates vital information related to the financial details for a company’s or an individual’s accounts. It also includes all of the details stating the information of any kind of transactions or exchanges occurred between the customers and the company. The statement of accounts is supposed to be a simple tool for every one’s use in their daily life. Statement of accounts formats are available here and can be easily downloaded, you can simply fill it and keep it for future use, or if you prefer to write a hard copy, it can easily be printed out.