16+ Official Statement of Account Templates [in Excel & Word]

A handy collection of some free statement of account templates is provided here on this page. These statement of account templates will help you easily understand the contents of an account statement. This article includes many important details pertaining to a statement of account such as what it is, its purpose, its main contents, and tips for creating one. So, make sure to scroll down and check all these essential details.

What is a Statement of Account?

A statement of account is an official document that includes the details of the transactional activity of an account during a specific period of time like a month, quarter, year, etc. These details typically include information like the date of each transaction, amount of transaction, balance amount, etc. A statement of account can be for any type of account like a bank account, credit card, loan account, supplier or debtor account, etc. Such a statement should be immediately provided to the account holder upon their request.

An account statement or a statement of account is a type of official document that should be prepared and issued to the account holder with due care. This statement can be prepared manually or automatically using the software. As most organizations use software these days, a statement of account for each and every account keeps on updating automatically. However, at the time an account statement is issued to an account holder, you must make sure to check it for any errors or mistakes.

Professional Statement of Account Templates in Excel

Company’s Statement of Account Template

Simple Statement of Account Excel Template

Formal Statement of Account Template

Corporate Statement of Account Template

Monthly Statement of Account Template Excel

Blank Statement of Account Format Excel

Elemental Statement of Account Template

Business Statement of Account Template MS EXCEL

Company’s Fillable Statement of Account Template

Statement of Account Example Worksheet

Customer Statement of Account Template Excel

Purposes of a Statement of Account

A statement of account template is an important document that serves several purposes. Here is a list of some basic uses of a statement of account for organizations as well as account holders:

• A statement of account plays a vital role when it comes to record keeping. As it provides a detailed record of all transactions, it is used for financial tracking and budgeting.
• Some parts of a financial statement are also prepared using the statement of accounts.
• One of the most important roles of such a statement is that it is used for reconciliation purposes. An account statement is reconciled with the account holder’s records so as to solve any issue or discrepancy.
• A statement of account makes it easy to track a particular transaction in case an original bill or invoice for that transaction is lost.
• Such a statement can also be used by banks or other financial institutions in order to validate the creditworthiness of an individual or business.
• Issuing an account statement to a customer or client may also be required by law as some statutory requirement for compliance purposes.
• An individual or an organization can easily manage its finances and keep track of the credit with the help of such a statement.

FREE Statement of Account Word Templates

Statement of Account Template Word

Rental Statement of Account Template

Sample Statement of Account Template

Printable Account Statement Sample DOC

Statement of Account Template Singapore

University’s Statement of Account Template

Elements of a Statement of Account Template

Whether you create your own statement of account template or use a pre-formatted one like those given here on this page, it is important to include the following contents in it:

• The specific account number of the account for which the statement is being prepared.
• Name of the customer and their contact details like address, email address, phone number, etc.
• The timeframe or the period covered by the statement of account, along with the start and end dates.
• The amount of opening balance.
• A list of all the transactions incurred during the period of the statement, including their dates, descriptions, and amounts.
• Running balance i.e., the amount of balance after every transaction.
• Amount of closing balance.
• The due date for the payment of the account balance.
• Amount of minimum payment that must be made by the due date so as to avoid any penalty or fine.
• The bank or the financial institution must also mention its own contact details like address, email address, phone number, official website, etc.
• Other details like details related to taxation, charges, interest, etc. can also be included depending on the type of account and institution.

Tips to Prepare a Professional Statement of Account

Here are some basic tips for preparing a professional statement of account:

• It is always suggested to use a statement of account template like the ones that are given here on this page. Using a template will help you make a professional-looking statement of account with ease.
• Use software to automatically maintain all the records as well as generate an automated statement of account. This will reduce errors and save a lot of time and effort.
• Make sure to use consistent formatting and professional style to prepare each and every statement of account.
• Use clear and easy-to-understand language and formatting so that the user of the statement of account can easily understand it.
• Make sure to thoroughly check and review the statement for its accuracy of dates and amounts.
• Send the statement of account to every customer on time.
• You can also include any instructions for the customers in the statement of account sample.