# How to Create a Statement of Account (Free Generator)

> A statement of account summarises all transactions with a customer and the balance they owe. Here's how to create one to speed up collections.

- URL: https://www.pyalm.com/blog/statement-of-account-generator-guide
- Author: Fadhil Abdulla
- Category: Pyalm Books
- Published: 2026-06-19
- Updated: 2026-06-19

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## What a statement of account is

A statement of account (SOA) is a summary you send a customer listing every invoice, credit, and payment over a period, with a running balance and the total they currently owe. It's one of the most effective, polite ways to chase overdue payments.

## Why send one

- It reminds customers of everything outstanding in one place.
- It surfaces disputes early ("we never received invoice #102").
- It looks professional and makes paying easy.

Sending statements regularly — monthly, or before period-end — measurably speeds up collections.

## What to include

- Your details and the customer's
- Each transaction with date, reference, debit/credit
- A running balance and the closing amount due

The free [Statement of Account Generator](https://www.pyalm.com/free-tools/statement-of-account-generator) calculates the running balance as you add transactions.

## How to create one

1. Open the [Statement of Account Generator](https://www.pyalm.com/free-tools/statement-of-account-generator).
2. Add your logo and both parties' details.
3. Enter each transaction; the balance updates live.
4. Print or save as PDF and send it.

## Automate your receivables

Building statements by hand doesn't scale. [Pyalm Books](https://www.pyalm.com/books) tracks every invoice and payment per customer and produces statements automatically.

[Create a statement of account](https://www.pyalm.com/free-tools/statement-of-account-generator) | [Explore Pyalm Books](https://www.pyalm.com/books)