Summary account template

It also has a design Picker, where you can choose a colour that is most appropriate for your company. Once the settings are specified create a list of transactions on the second sheet named Billing Statement.

You can begin by writing any previous balances that needs to be taken forward in the current statement and if there are no previous balances then you can write zero over there. After this record other transactions organized by dates which includes all the invoices raised, any overdue charges or payments received.

For writing the amount, use the column named "Charges" for invoice amount and charges and for the payments received, use the column named "Credits". With each transaction, you will see the overdue balance in the column "Line Total".

Just remember not to delete formulas that column "Line Total" contains as well as formula in sub-columns "Charges" and "Credits" helps to display the currency symbols. Once you become more familiar with the template you can simply protect these columns from unnecessary changes using Excel's Protect Sheet option. Line total is the actual overdue amount at the end of each transaction recorded in Account Statement.

Total Balance Due is the difference between the sum of previous balancesand new charges less total credits within agreed statement period. Unique Statement Of Account Template. Excellent Statement Of Account Template. Brilliant Statement Of Account Template. Additional Information General Benefits of Excel Template We always bring elegant templates for our consumers which are beneficial for the accomplishment of your requirements.

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Easily printable and time saving template. Fill in your customer's name on the right so that when you receive the remittance you know which customer it's from when you open the envelope. Note: many customers will pay by direct banking but will post the remittance so you know exactly what they are paying, but some customers will not use it which can be a nuisance if they only pay a portion of each invoice leaving you not knowing which invoices to allocate their payment against — ring them in this instance.

Many business customers have a cut off date such as 5th of the month beyond which any invoices you send will not be included in their current pay run but held over for the next month's one. So be sure to process all your invoices as soon as the month has ended and issue your statement of account right away. Once a statement of account has been sent to the customer, do not then go back and amend an invoice unless it has been discussed with the customer so they are aware of any issues.

If you have to amend an invoice, send the customer both the amended invoice and an amended statement of account showing the new balance. Site Sponsors. How to do a loan journal entry for transactions for bank loans, car loans, intercompany loans, and loan forgiveness including loan amortization. Day to day bookkeeping process for startups.