What do Statement Charges allow you to do?

Statement Charges are designed to help businesses manage multiple charges associated with a customer's account over a specific period before generating a billing statement. This allows organizations to consolidate various transactions into a single invoice for the customer, streamlining the billing process and enhancing cash flow management. By accumulating several charges prior to billing, companies can simplify their invoicing, reduce the frequency of billing cycles, and improve customer satisfaction with a more coherent review of their charges. This is particularly useful in industries where customers may accrue various fees, adjustments, or services over time.

The other options do not align with the primary purpose of Statement Charges. Issuing refunds pertains to a different function within accounts receivable management. Providing discounts is generally a promotional or pricing strategy rather than a function of statement management. Adjusting pricing on past invoices reflects a different operational need, focused on correcting historical transaction data, rather than accumulating charges for future invoicing or billing processes.