Statement

Statement lists open transactions in a statement-style communication showing the current status of each item. Statement provides the customer with an opportunity to review all outstanding items so that they may reconcile payment allocations to their purchase ledger and ensure that credit notes are applied accurately. The customer can communicate statement discrepancies that are delivered back to you in a manner that is clear and accurate for easy reconciliation. The customer may also use the Statement as a way of communicating outstanding queries and payment promises.