A statement is a listing of the transactions impacting an account during a specific period of time. Statements are typically sent to customers on a monthly basis, so that they can review and verify account activity. The format of a statement that relates to unpaid customer receivables usually contains a reminder to pay any unpaid amounts that have exceeded the payment terms assigned to a customer.

Statements are also routinely sent by banks to their customers, showing all bank account activity. These statements are an essential part of the bank reconciliation process that customers routinely conduct.