Difference Between Reports Vendor Balance List and Vendor Account Statement

Hi,

What is the difference between these 2 reports:

Accounts Payable > Reports > Transactions > Vendor > Account Statement

Accounts Payable > Reports > Status > Vendor Balance List

I'm getting a difference in amount for same vendor for same time period (2017).

SUM(AMOUNT) is sum of only transacitons, it doesn't include opening and closing balances.