Open-item statement
A vendor statement that lists currently unpaid invoices, usually with one amount column and no running balance.
An open-item statement lists invoices the vendor still considers unpaid. Each line normally includes a reference, date, and amount, without a running balance.
Match each open line with your AP ledger by reference, amount, and date. Then review anything left on either side for timing, a missing item, or another difference.
Some open-item statements show both the original amount and the amount still outstanding after payments or credits. Reconcile the outstanding amount, not the original invoice value, to avoid a false amount difference.
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Statement Zen Academy Team — Practical guidance based on Statement Zen's vendor statement reconciliation work. · Last updated