A statement of account is the periodic document that records everything that has happened on your Credicorp facility during a period — the opening balance, every payment and charge, and the closing balance. It is your company's formal record of the borrowing.
What it contains
A statement of account brings together the summary of the period, the transaction list, and the running balance. Together these show exactly how the balance moved from the start of the period to the end. See how to read your statement of account and the summary panel at the top of your statement.
What it is used for
It feeds your bookkeeping and management accounts, evidences the balance to third parties, and provides the interest figure for your tax return. See using statements for management accounts and using your statement for VAT and Corporation Tax.
Related terms
See also running balance, opening and closing balance and statement period.
Credicorp lends to companies rather than to you personally, so this is business finance outside the consumer-credit regime. That does not change the practical steps below.
Why it is more than a receipt
A statement of account is not just a note of what you paid — it is the authoritative running record of the facility that your accounts, your tax return and any third party rely on. Because each period's closing balance carries forward as the next period's opening balance, the statements form an unbroken chain across the whole life of the loan. That continuity is what lets an auditor or a new lender trust the numbers, and it is why keeping every statement — even a quiet one — matters. See filing your statements for the year.
See also: How to read your statement of account, Running balance (definition), Statement period (definition).