For any business or for any organization it is critical that they make sales and some profit to ensure their place in the market and their running. For this various tactics are used and customers are brought in the business which then provides sales and profits. Many organization and businesses have to have an account in which details regarding every client and the sales that have been made to the account along with what has been brought and the details regarding the client are to be maintained. This account is critical for the business since it is this account that helps the organization to run.
In order to keep a check and balance and for the maintenance of an account, a statement of account is made by the organization or business and made in use.
Statement of account is a document used by different organizations in an attempt to keep track of all the sales conducted by the business in the specific period of one time. Generally, this document is used to maintain the record of a month.
Why is it important to use the statement of account?
The use of a statement of account is an essential document for a business wanting to boost its sales since this statement allows a business to keep the record of all the receivables.
A business maintains a separate record of receivables of every customer. The receivable sheet of every customer includes information about the payment made by the customer, amount of balance which is due and a lot more.
By creating a separate sheet of receivables for every customer, the business can send the monthly statement to every customer at the end of the month. This helps them let the customers know about the amount of money they are liable to pay
The statement of account is a very useful document since it enables the business to prepare the account statement of every customer individually.
What is the main purpose of using the statement of account?
The basic objective of preparing the statement of account is to keep the customers informed about the balance due on their side. The business also used this document to know about the payment made by the customer in a specific period of time.
This statement of account is used for every client and consists of details such as the name and number of the client, what has been sold to them and on how much quantity, how much amount has been brought to the business because of this particular client and on an average how much is spent to keep this account. Because businesses and organizations don’t have a lot of time on their hands and neither do they want to make use of a lot of resources, they make use of a template which helps them to make use of it for every client that they deal with. This is easier and very cost effective.
Statement of account template:
People who want to save their time and use a readymade statement of account can make use of a statement of account template. This template is available here in the form of the spreadsheet document. The user is required to download the template once and then he can use it for every customer.
The template available here is completely customizable that allows the user to change its format to make it suitable to be used. The user can add and remove the details depending on his needs.
The template also allows the user to use it in the daily routine for maintaining the record of every customer.
Preview and details of the template
File: Word (.doc) 2007+ and iPad Size 34 Kb | Download
File: OpenOffice (.odt) Writer [Writer] Size 18 Kb | Download
License: ENERGY (Personal use only)
(Distribution) by Kate Elizabeth(CEO)