RE: Account Payable
We are in receipt of your statement of our account dated ________, 20 __, indicating a balance due you of $ _______.
As noted in our previous letter dated ________, 20 __, we dispute this amount due for the following reasons:
Without admitting any liability on this account, but as an offer to compromise the amount due, we offer to settle this account in full by our payment to you of $ ______.
Our check #_________________ in that amount is enclosed. Your deposit of that check shall confirm your acceptance of our offer to settle this account and shall discharge the entire balance claimed.