Final Account Statement Template
A Final Account is a financial statement prepared at the end of a project or accounting period.
It shows the total project value, approved variations, amounts already paid, and the final amount due to the contractor.
In construction, the Final Account has a more specific purpose. It records the complete financial summary of a project, confirming that all work, variations, and payments are finalized. Once signed, it officially closes the contract between the contractor and the client.
We are providing this free Final Account Statement template format. You can download, use, and customize it as per your project requirements. This Format not only for construction you can modify for any industry.
Why is the Final Account Important?
The Final Account is an important document in construction because it:
✅ Summarizes all project payments
✅ Helps avoid payment disputes
✅ Makes the financial record clear and transparent
✅ Officially closes the contract after completion
This simple form helps everyone understand how much has been paid and what is still due.