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Billing statement of account sample for Hospitality

hi I'm Helen koukin Smith from time to Resources this video will help you to understand statements of accounts this is the final video in our series of understanding the flow of financial documents if you want to complete the statement of account as you follow the video then use the link in the description box below to download a blank statement of account a statement of account is sent from the supplier to the customer it's a summary of all the transactions that have taken place in a set period of time maybe a month a quarter or a year a statement of account will list all of the transactions that have taken place in the time period it will show the date of the transaction the details was it an invoice a payment a credit note the value and it will also calculate the amount that is gieux the amount that is outstanding from the customer at the end of that time period here we can see the first transaction on the 13th of August invoice number 2 3 7 8 9 had a value of one thousand five hundred forty-one pounds and 28 pence at that point there was still an outstanding balance of one thousand five hundred and forty one pounds 28 pence there was then a second transaction on the 31st of the 8th there was a payment made of 1541 pounds 28 pens note because this is the payment it's shown as a negative it has a minus sign in front of it so now the amount outstanding is zero there was an outstanding balance of 1541 pounds 28 pence and the same amount has now been paid in the month there were a further two transactions there was a second invoice for 557 pounds on the 18th of August and at the end of the month on 31st there was a credit note for 17 pounds and 10 pence why not pause the video now whilst you complete the statement of account our statement of account is now complete we have four lines representing the four transactions that took place in the month first of all an invoice then a payment a second invoice and finally a credit notes after the second invoice had been issued there was an outstanding balance of 557 pounds there was then a credit note of 17 pounds 10 note the credit note is also shown as a negative with a minus sign in front of it therefore the outstanding balance at the end of the month was 539 pounds and 90 pence this is the amount due from the customer to the supplier at the end of August a statement account is the final document in our flow of financial documents it is issued from the supplier to the customer as a summary of the transactions that have taken place in a set period of time it shows the invoices payments credit notes and an outstanding balance the invoices are shown as positives the payments and credit notes are shown as negatives thank you for watching this video on understanding statements of accounts if you haven't already done so why not subscribe to the time to resources YouTube channel now