The Statement Report Setup option in Accounts Receivable is used to create the report format for statements, which are typically printed or emailed to customers at the end of each month. A report format for statements can include all the details for the charges (invoices) and payments made during the month by the customer and show the current balance due. With the Statement Report Setup option, a template of a standard statement report is opened (copied) when creating a new one, and then changes can be made to customize it.
Note: The template that is used when creating a new statement is the standard report called "Standard Customer Statement".
Steps to Add a Statement Report Setup