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An account stated is an agreement between parties to an open account as to the correctness of the separate items comprising the account and the balance due on that account. It includes a promise by
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What is account stated for construction
An account stated for construction is a formal document summarizing the financial transactions between a contractor and a client, reflecting the balance owed for services rendered.
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Who needs account stated for construction?
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Account stated for construction is needed by:
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Contractors to collect payments.
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Clients to verify amounts due.
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Architects and engineers for project accounting.
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Project managers for budget tracking.
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Accountants for financial records.
How to fill out the account stated for construction
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1.Start by opening the PDF file of the 'account stated for construction' form in pdfFiller.
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2.Fill in the contractor's name and business address at the top of the form.
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3.Enter the client's name and address to ensure both parties are identified.
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4.List the services provided along with the corresponding dates in the designated section.
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5.Input itemized charges and any adjustments that may have been previously agreed upon.
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6.Calculate and write the total amount due at the bottom, ensuring accuracy.
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7.Add notes if necessary, such as payment terms or due dates, in the provided space.
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8.Review all entered information for correctness before submitting.
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9.Finally, save the completed document, and consider sending it electronically or printing it for physical delivery.
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