Business terms and jargon explained. Your business dictionary
What is Statement of Account
A statement is a list of all the transaction that has happened on an account for a given period. This is both the invoices and payments and gives a balance at the end to indicate if the customer owes or is owed money.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.