Understanding the difference between Ledger A/c printout and Statement printout

"Ledger Account" is for internal use and "Statement" is for external use (to be sent to clients or suppliers). The Ledger Account printout is also a "statement" but for internal consumption.

"Ledger Account" and "Statement" printouts show both movements AND outstanding items by default. In practice most people suppress the movement section when sending statements to clients or suppliers.

Movement versus outstanding items are totally and utterly different things and both are equally applicable for the two styles of output "Ledger Account" and "Statement".

In the "Statement", outstanding items shows all outstanding items "as at" mentioned in the TO period setting. However the "as from" is not influenced by the FROM period in the setting and shows all previous outstanding items. The movement shows for the specific period in the setting (i.e. TO & FROM).

Period can mean a "period" of periods eg 1-3/2007 and sometimes it used to mean a single period eg 7/2007.

Finance > Maintenance > Clear open item statements - removes the ability to get outstanding items "as at" periods long ago.

It is critically important that NEOSYS allows you to get a statement (or ledger account) "as at" the close of last period so you can continue work on payments this month and still send a statement to the client "as at" the close of last month.